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Capital projects for waterfront improvements and EDC's decision-making process

1:47:27

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Council Member Amanda Farías inquires about EDC's decision-making process for capital funds allocation to waterfront improvements. Andrew Kimball explains the scope and nature of these projects.

The capital commitment plan includes $152 million for waterfront improvements
Projects span across 520 miles of the city's waterfront
Some projects are EDC-managed, while others are done on behalf of other agencies like the Parks Department
Kimball offers to provide a full list of projects that make up the $100 million allocation

Amanda Farías

1:47:27

Okay.

1:47:27

Two last bits and then I'll I'll end.

1:47:30

Just on the capital projects for waterfronts, the committee knows how involved EDC is with the city's waterways, and the preliminary capital commitment plan includes a 152,000,000 lump sum capital project for waterfront improvements.

1:47:44

How does EDC decide to draw down on these capital funds for waterfront improvements?

1:47:50

Are they for new projects or for projects currently underway that are funding on a year to year basis?

Andrew Kimball

1:47:57

They're for a wide array of projects across the 520 miles of the city.

1:48:02

Some that are EDC managed like Pier 36, there's a very substantial project going on right now.

1:48:08

We're in application for some work at the Manhattan Cruise Terminal And then they're for other agencies where we do the work on their behalf like Parks Department.

1:48:20

And so, you know, we can get you a full list of all of those projects that make up the $100,000,000

Amanda Farías

1:48:25

That would be really helpful.

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Query about low commitment for waterfront improvements in FY '26 budget