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Magic Johnson Launches New Business Venture To Upgrade LaGuardia Airport

NBA great Magic Johnson just keeps on making business deals. You may not know, but he's already invested in Starbucks, movie theaters, restaurants and three L.A. sports teams -- specifically the Dodgers, the WNBA's Sparks and Major League Soccer's Los Angeles Football Club.

But now he's investing in New York infrastructure as part of the LaGuardia Airport redesign.

Magic Johnson Enterprises has teamed up with Loop Capital Markets LLC and its CEO to become equity investors in LaGuardia Gateway Partners. They will design, build and maintain the airport as part of a 35-year lease with the Port Authority of New York and New Jersey.

Now that's forward thinking!