The de Blasio administration furthers efforts to create more public park space for the North Brooklyn community. On October 31, 2017, Mayor Bill de Blasio announced that he will allocate $17.5 million for the development and remediation of two parcels of parkland at Bushwick Inlet Park. $7.7 million of the allocated funds will go towards developing the 50 Kent site into a new park while the remaining $9.8 million will go toward the remediation … <Read More>
Search Results for: Capital Investment
City Develops Plan to Protect Lower Manhattan’s Shoreline from Climate Change Impacts
The project will include the expansion of the Lower Manhattan shoreline and four capital projects devoted to the resiliency of Lower Manhattan neighborhoods. On March 14, 2019, Mayor Bill de Blasio announced the Lower Manhattan Coastal Resiliency (LMCR) Project. The project is one of the City’s responses to the aftermath of Hurricane Sandy. Hurricane Sandy was a turning point for the City to tackle infrastructure resiliency. Hurricane Sandy resulted in $19 billion of devastation for … <Read More>
New Programs aimed to Help First-time Homeowners
Plan anticipates creating or preserving 20,000 homeownership opportunities by 2026. On December 11, 2017, Mayor Bill de Blasio announced two new programs, Open Door, which aids first-time homeowners buy a condo or coop, and HomeFix, which helps New Yorkers make capital improvements to their homes. These two programs will reach at least 2,100 households in eight years. These programs are part of the Mayor’s 300,000 affordable housing plan.
Brooklyn Navy Yard’s Building 77 Opens After $185 Million Renovation
The building is expected to expand the City’s manufacturing industry and create more middle class jobs. On November 9, 2017, Mayor Bill de Blasio opened Building 77, one of the central buildings within the Brooklyn Navy Yard Industrial Park. The building and its $185 million renovation is a part of a billion dollar investment financed by Brooklyn Navy Yard Development Corporation, the Mayoral City Capital, the City Council, and the Brooklyn … <Read More>
Mayor Urges Emissions Reductions for Existing Buildings
Mayor Bill de Blasio calls for emissions reductions by mandating improvements to existing buildings. On June 2, 2017, Mayor Bill de Blasio signed Executive Order No. 26, Climate Action Executive Order, to commit New York City to the principles and goals of the Paris Agreement. On September 14, 2017, the Office of the Mayor announced new mandates on building upgrades to implement the executive order. According to the Mayor’s press release, these mandates … <Read More>
Mayor Announces $50 Million Redevelopment of Orchard Beach Pavilion
Elected officials announced new investment into Bronx beach pavilion reconstruction. On May 26, 2017, Mayor Bill de Blasio, alongside Parks Commissioner Mitchell Silver, Assembly Speaker Carl Heastie, and Bronx Borough President Ruben Diaz Jr., announced a $50 million investment to redevelop the Bronx’s Orchard Beach pavilion in Pelham Bay Park. The money would go to restore the currently closed pavilion. The Mayor has committed $20 million in capital funding, and $10 million has been committed … <Read More>