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Building Industry Salutes New York’s Heroes

World Trade Center Memorial Fund

Construction Industry Plays a Critical Role in Clean-up and Rebuilding of Lower Manhattan

New York City Construction Looks Resilient in the Face of Slowing Economy and Attack Aftermath

Building Congress Seeks
Info on Industry Efforts

New York Building Congress Salutes Members

WatchList

Lower Manhattan Redevelopment Corporation In response to the devastation wrought on lower Manhattan, Governor Pataki announced the creation of the Lower Manhattan Redevelopment Corporation. Under the auspices of the Empire State Development Corporation (ESDC), the Redevelopment Corporation will oversee all aspects of the revitalization and rebuilding of the area south of Houston Street. Similar in scope to the corporation that successfully coordinated the rebirth of Times Square, the joint City/State entity will direct all transportation and infrastructure projects, along with an overall economic development plan to attract and retain businesses throughout the affected zone.

The board of the Redevelopment Corporation will be comprised of nine members, six of which will be appointed by the Governor and the remaining three by the Mayor. An advisory committee comprised of business, labor and interested community leaders will assist the Redevelopment Corporation in identifying and assessing the needs of downtown, while the resources of the Port Authority, the MTA and a host of other City and State agencies will be made available to support the process.

On December 20, ESDC Chairman Charles Gargano will address a Construction Industry Breakfast Forum on plans for the new agency. The Building Congress will monitor the progress and activities of the Redevelopment Corporation and will provide advisory assistance.