AGENCY TESTIMONY
Funding and financial aspects of the Kingsbridge Armory project
0:11:09
·
40 sec
Michelle Lamberti outlines the funding and financial aspects of the Kingsbridge Armory redevelopment project.
- The Restore New York funding, if granted, would address critical infrastructure needs
- The city and state have committed $216 million to the project for critical infrastructure
- Public investments aim to leverage maximum private investment while supporting community goals
- The project is described as a massive undertaking with significant financial needs
- The EDC is exploring multiple funding sources and grant opportunities
Michelle Lamberti
0:11:09
Restore New York funded if New York funding, if granted, would be used to address these critical infrastructure needs at the armory.
0:11:17
As you know, the city and state have committed $216,000,000 to benefit the redevelopment of the armory by funding critical infrastructure needs that will leverage the maximum private investment while also supporting the community's goals identified through the ongoing engagement process.
0:11:32
Any public investments in the building will help to support the realization of the goals included in the vision plan.
0:11:38
As you know, redevelopment of the armory is a massive undertaking with significant financial needs.
0:11:43
We're leaving no stone unturned as we look to secure as many grants and funding opportunities as possible to advance this project.
