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Discussion on state and federal funding for Brooklyn Marine Terminal

1:08:52

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Council Member Avilés and Andrew Kimball discuss additional funding sources for Brooklyn Marine Terminal (BMT), including state contributions and potential federal grants. They explore the possibility of increased state investment and the conditions for securing city matching funds.

Clarification that the $15 million for the electric crane is from the city, while the state has a separate $15 million commitment for cold storage
Discussion of a potential $164 million federal grant that would require a $109 million city match
Kimball expresses hope for more city or state investment in the project
Avilés inquires about EDC's requests for state funding, with Kimball suggesting a desire for state matching funds similar to other major capital projects

Andrew Kimball

1:08:52

The rest of the

Alexa Avilés

1:08:53

Is that paid by the state, the $15,000,000

Christopher Leon Johnson

1:08:56

The city.

Andrew Kimball

1:08:57

Yeah, the state had a separate $15,000,000 commitment for cold storage.

1:09:03

So that is $70,000,000 there.

1:09:07

As you know, there's a federal grant of 164,000,000, which if we're lucky enough to keep, requires a hundred and $9,000,000 city match, so that gets you closer to

Alexa Avilés

1:09:19

Is that in the budget?

Andrew Kimball

1:09:21

It's not in the budget yet.

1:09:22

As we've discussed, the budget director has made it clear and City Hall on the other side clear that they are prepared to do that match if they see that there is a master plan that's financially feasible moving forward.

1:09:37

I would hope going forward and would love to see more city or state investment in the project overall.

Alexa Avilés

1:09:46

And what has EDC requested from the state?

1:09:49

Cause my understanding is even there, $15,000,000 is the total of the state investment.

1:09:53

Again, a port a property, a 22 acres, probably the the the smallest investment we've seen in economic development projects across the city, quite frankly.

1:10:06

What has EDC asked from the state?

Andrew Kimball

1:10:09

So both both senator Gennardis and congressman Goldman, and I would ask you as well, have made their voices clear, you may have already, to the governor's office about the importance of more state investment here.

Alexa Avilés

1:10:24

So have you asked for a specific number from the state?

1:10:27

I would

Andrew Kimball

1:10:27

certainly like to see and what we have done on other big capital projects together is a match for the city investment.

1:10:35

So you saw that on Spark, you saw that at Hunts Point, you're seeing that at Kingsbridge Armory.

1:10:40

Ideally for me, that would be a big step forward.

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Discussion on investment disparities between Brooklyn Marine Terminal and other NYC projects

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Council Member Avilés expresses concerns about BMT investment and planning process