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NYC Will Restart $17B in Capital Projects
On the one-year anniversary of New York City’s first report of a COVID case, Mayor Bill de Blasio announced that the city would be restarting $17 billion in capital projects across the five boroughs. Among the priorities de Blasio discussed at a news conference Monday were school construction and ramping up the city’s affordable housing program.
“The future of New York City depends on working New Yorkers having someplace to live that they can afford,” said de Blasio. “We’re going to get back to it. We already have the biggest affordable housing plan in the history of New York City on target.”
Other capital spending areas cited by the mayor included coastal resiliency projects, improvements to the city’s streets and increased investment in parks. “So, that $17 billion is going to make a huge impact and help New York City come back strong,” de Blasio said Monday.
- ◦Development

