Your guide to NYC's public proceedings.
Q&A
City of Yes infrastructure investments and EDC's capital plan
1:16:53
·
79 sec
Council Member Amanda Farías inquires about EDC's involvement in the City of Yes initiative's $2 billion infrastructure investment commitment. Andrew Kimball explains that while he doesn't believe EDC's capital plan includes direct City of Yes funds, many of their projects include neighborhood infrastructure components.
- EDC's major projects often include associated neighborhood infrastructure
- Examples include work on the North Shore, BMT, Hunts Point, Kingsbridge Armory, and Spark
- Infrastructure may be represented in individual project capital lines rather than a specific fund
Amanda Farías
1:16:53
Thank you so much to the council members for asking questions.
1:16:57
I'm gonna just jump into for a couple more with around City of Yes.
1:17:03
City of Yes committed 2,000,000,000 in infrastructure investments to accompanying zoning changes and anticipated growth across the city.
1:17:10
Does EDC's preliminary capital plan include any new investments as part of the City of infrastructure commitments?
Andrew Kimball
1:17:18
I do not believe any of the city of YES capital monies are flowing through EDC but I will check that and get back to you.
Amanda Farías
1:17:26
Great.
1:17:26
And considering the role of the EDC's
Andrew Kimball
1:17:40
considering
Amanda Farías
1:17:29
Neighborhood Development Fund has played in financing infrastructure associated with neighborhood growth, why hasn't any additional funding been added and would you have liked to see if anywhere?
Andrew Kimball
1:17:43
Almost all of our really big projects have neighborhood infrastructure associated with them, so it may not be showing up in exactly that fund but actually showing up in the capital lines of each of projects.
1:17:57
So just to name a few, our work on the North Shore, certainly our work at BMT will include that, our work at Hunts Point, our work at Kingsbridge Armory, Spark, etc.