AGENCY TESTIMONY
Grant application details and requested findings from the City Council
0:11:50
·
74 sec
Michelle Lamberti provides specific details about the Restore New York grant application for the Kingsbridge Armory project and outlines the findings requested from the City Council.
- The city is applying for $2 million to facilitate the renovation and adaptive reuse of the armory
- The armory is described as an existing landmark building of approximately 588,800,000 gross square feet
- Four specific findings are requested from the Council, including consistency with local revitalization plans, appropriate financing, efficient use of resources, and potential for job creation
Michelle Lamberti
0:11:50
Under the proposed application, the city will apply for $2,000,000 to facilitate the renovation and adaptive reuse of the Kingsbridge Armoury, an existing landmark building of approximately 588,800,000 gross square feet that is currently vacant.
0:12:06
Redevelopment of the Kingsbridge Armoury is a special opportunity to transform to transform an awe inspiring landmark into a place that is catalytic for economic development for the community, the borough, the city, and the region.
0:12:18
Consistent with guidelines issued by the Empire State Development Corporation, the city respectfully requests that the council make the following findings related to New York City's application for funding this project under the Restore New York grant.
0:12:31
One, the proposed project is consistent with the municipality's local revitalization or urban development plan.
0:12:37
2, the proposed financing is appropriate for the specific project.
0:12:41
3, the project facilitates effective and efficient use of existing and future public resources so as to promote both economic development and preservation of community resources.
0:12:51
And 4, the project develops and enhances infrastructure and or other facilities in a manner that will attract, create, and sustain employment opportunities where applicable.
0:13:00
Thank you, chair Riley and members of the subcommittee, for your time and consideration.
