New York, NY The New York Building Congress released a report outlining essential transit, housing, and infrastructure projects that New York City must undertake over the next 100 years for economic growth and a prosperous, equitable future for New York City.
“For 100 years, the New York Building Congress and its members have been committed to advancing developments and projects that improve New Yorkers lives and create a stronger, more functional, beautiful and equitable city,” said Ralph Esposito, chair of the New York Building Congress and Carlo Scissura, president and CEO of the New York Building Congress. “Looking ahead to our great city’s future, we will continue our advocacy and efforts to advance the critical projects outlined in this report. There has never been a more opportune time to get to work on bold, visionary projects for future generations.”
Drawing on the Building Congress’ last 100 years of experience driving the building industry and shaping New York, Hundred Year Report Series: Projects outlines a vision for a thoughtful and robust investment in building and infrastructure projects across the city.
The bipartisan passage of the historic federal Infrastructure Investment and Jobs Act positioned New York well to think long-term about transportation and infrastructure improvements. As such, infrastructure projects are featured prominently in this report.
Over the next ten years, the Building Congress calls on the City to complete the Gateway Program, advance the Penn Station redevelopment, tear down and reconstruct the Brooklyn-Queens Expressway, reimagine the Port Authority Bus Terminal, complete the Interborough Express, and prioritize phase two of the 2nd Avenue subway expansion. These projects alone will generate trillions of dollars in annual economic output, service millions of commuters, create hundreds of thousands of jobs, and transform Midtown Manhattan into a world-class transportation hub.
The Building Congress also proposes several innovative, out-of-the-box solutions to some of the most pressing problems facing New York City, including the housing crisis, transit access and climate change: