New $2.5B Plan for the Brooklyn Navy Yard

The Brooklyn Navy Yard has a new $2.5 billion plan to add five million square feet of space and 10,000 new middle-class jobs over the coming years, bringing total employment at the Yard to 30,000.

“We are at the start of a multi-generational period of growth that in the years ahead will return employment at the Yard to its highest levels since the 1940s,” said David Ehrenberg, president of the Brooklyn Navy Yard Development Corporation.

The new expansion will follow the completion of a $1 billion expansion now underway that is adding over two million square feet of space, and will take employment at the Yard from 7,000 to 17,000-20,000 by 2020.

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