On April 5, 2024, State Comptroller Thomas P. DiNapoli released a report about monitoring of New York City’s capital projects. His report found that projects often run over the initial budget and past the estimated timeline, suggesting that better monitoring could save City resources.
Search Results for: Infrastructure
Small Business Services Launches Grant Program to Help Small Businesses Purchase Resiliency Protection, Disaster Risk Assessment
On April 2, 2024, the Department of Small Business Services announced a new grant program to support small businesses in dealing with natural disasters. The Business Preparedness and Resiliency Program will offer free risk assessments to identify vulnerabilities and issue grants of up to $5,000 for small business owners and commercial property owners to use for infrastructure protection or upgrades, like generators or flood barriers.
City Receives Over $120 Million in Grants for Queensway and BQE Projects
On March 13, 2024, New York City Mayor Eric Adams announced the City’s acceptance of two federal grants worth a total of $123.6 million. The grants, “Reconnecting Communities and Neighborhoods Program” and “Neighborhood Access and Equity Program” were issued by the U.S. Department of Transportation and will be used on the Queensway project and for the Brooklyn Queens Expressway (BQE).
Around $117 million of the federal grants will go towards developing further the Queensway, a … <Read More>
Mayor, Governor, and Port Authority Agreement to Support Port Authority Bus Terminal Replacement
On March 12, 2024, Mayor Eric Adams, Governor Kathy Hochul, and the Port Authority of New York and New Jersey announced a deal to support the replacement and expansion of the Port Authority Bus Terminal in Midtown. The 73-year-old facility currently serves over 200,000 people on an average weekday, but struggles to meet current needs. The replacement is expected to meet 2040-2050 commuter growth.
HPD, HDC, HCR Celebrate Groundbreaking for Stevenson Square Project to Bring 1000 Affordable Units to the Bronx
On March 1, 2024, the New York City Department of Housing Prevention and Development (HPD), New York City Housing Development Corporation (HDC), and the New York State Division of Housing and Community Renewal (HCR) celebrated the groundbreaking for Stevenson Square in the Soundview section of The Bronx. The $1 billion construction project, in conjunction with Camber Property Group, will build affordable homes in furtherance of the ‘Housing Our Neighbors Blueprint’ initiative.