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88 Buildings to Go Up in NYC’s $17B Schools Capital Plan

Schools chancellor Richard Carranza and the School Construction Authority plan to spend $17 billion over the next five years to reduce overcrowding at the city’s public schools. The 2020-2024 schools capital plan, the largest ever proposed in New York, would add 88 school buildings and about 57,000 seats.

These new investments will allow more families to send their kids to Pre-K and 3-K, improve building accessibility, and accelerate the installation of air conditioning in schools across the city,” said Mayor Bill de Blasio. “These investments are critical to helping our students achieve success in the classroom and beyond.”

Along with $8.8 billion toward increasing capacity, the capital plan allocates $750 million toward improved internet bandwidth in city schools, and an additional $650 million towards lab upgrades, cafeteria, kitchens and emergency repairs.

The capital plan has been submitted for public comment, and the City Council will vote on it in 2019.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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