NEW YORK CITY-Gov. David Paterson and Mayor Michael Bloomberg need to take the lead on maximizing the city’s share of the infrastructure stimulus package proposed by President-elect Barack Obama, says the New York Building Congress in a position paper released on Monday. NYBC urges Paterson, Bloomberg, state legislators and members of New York City’s Congressional delegation to focus on projects that could start construction immediately.

“No state or region stands to benefit more than New York, which relies on its vast infrastructure network to meet the needs of a growing population and the nation’s largest economic engine,” says NYBC president Richard T. Anderson in a release. “Pointing out need won’t be enough, however. The situation is dire and calls for something other than a typical ‘business-as-usual’ approach in New York, where critical infrastructure projects can be delayed for years and even decades by bureaucracy, political inertia and needless delay.” As an example, the position paper cites the Moynihan Station plan, still in limbo 16 years after it was first proposed.

In its position paper, NYBC calls on Paterson and Bloomberg to establish high-level task forces that will draw input from close advisors, state and city agency heads, the state and city comptrollers, the state legislature and City Council. According to NYBC, the task forces would quickly create a short-list of potential stimulus projects, examine the current status of each and identify all remaining regulatory approvals, procurement matters or other issues that must be addressed.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.