The proposed system would keep track of the financial and infrastructure-related promises made by the Mayor’s office to neighborhoods being rezoned. On June 7, 2016, the City Council Committee on Land Use held a public hearing on a legislative proposal to implement a tracking system, which would monitor the status of promises made to the public by the Administration during the Uniform Land Use Review Procedure process. The proposed bill, Intro 1132, is sponsored by … <Read More>
Search Results for: Capital Investment
Mayor Announces $17.5M Allocation for Bushwick Inlet Park
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>
Mayor de Blasio Delivers State of the City Address
Affordable housing issues, including rent-regulation, mandatory inclusionary zoning, and more were highlighted in the speech. On February 3, 2015 Mayor Bill de Blasio delivered his second State Of The City address from Baruch College. The Mayor spoke at length about the affordable housing crisis facing New York City and the programs his administration has begun or will propose to address the problem.
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>
Mayor Announces Long Island City Chosen to House New Amazon Headquarters
The project will bring tens of thousands of new jobs, billions in tax revenue, and investment in infrastructure, City says. On November 13, 2018, Mayor Bill de Blasio and Governor Andrew M. Cuomo announced that Amazon has selected Long Island City, Queens for one of its two new corporate headquarters. The City has been steadily increasing investment into Long Island City, with more than $2.4 billion of planned infrastructure investments and a recently announced $180 … <Read More>
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>