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Q&A
Discussion on potential federal funding cuts for Hunts Point project
0:52:09
ยท
83 sec
Council Member Salamanca inquires about potential federal funding cuts that could affect the Hunts Point project. EDC Vice President Michelle Lamberti responds, addressing concerns about the funding situation.
- Potential loss of $325 million from the Building Resilient Infrastructure and Communities program
- EDC states they are in communication with federal partners and the grant is executed
- Discussion of contingency plans if funding is lost, with EDC committed to exploring public and private options
Rafael Salamanca, Jr.
0:52:09
My my question is, I saw here that the the governor just made an announcement regarding the potential cuts from the federal government for the elimination of the building resilient infrastructure and communities program, which will result in the loss of over $325,000,000.
0:52:30
Are you aware of that?
Michelle Lamberti
0:52:31
We we are.
0:52:33
I would say that we have been in constant communication with our federal partners at the Federal Highway Administration, and have been told our grant is executed.
0:52:44
They've already committed a million dollars to the design, and we are not aware of any concerns with that funding.
0:52:49
But we are fully on top of that and understand like the concern around federal funding.
Rafael Salamanca, Jr.
0:52:55
Alright.
0:52:56
So the they're saying here in this statement that there is a potential of $13,000,000 that will be lost, and this project needs to increase community resilience and protect New Yorkers' food supply by protecting two critical facilities against flooding.
0:53:10
So should that funding should we lose that funding, what is EDC prepared to do to fill in that gap?
Michelle Lamberti
0:53:16
Yeah.
0:53:16
I mean, think I can say councilmember that, like you, we are fully committed to this project going forward.
0:53:21
It's like a huge priority for us as I know it is for you.
0:53:25
We would explore all other public and private options to fill in any future gaps, but have not are not at this point anticipating one.