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Mayor Reveals Two Revitalization Projects

NEW YORK CITY—In a comprehensive State of the City address, de Blasio revealed plans to issue RFPs for Governor's Island and Far Rockaway.

By Rayna Katz | raynakatz | | Updated on February 05, 2016
Mayor Bill de Blasio has announced plans for major upgrades in Queens and on Governor's Island. Mayor de Blasio has announced plans for major upgrades in Queens and on Governor’s Island.
NEW YORK CITY—While Mayor Bill de Blasio’s State of the City address focused on quality of life issues, he revealed some juicy tidbits for the real estate industry. The Mayor late Thursday announced plans to turn Governors Island into a “center of culture, commerce and innovation.” The area “will be the site of a sweeping economic development project.” Modeling the project after Roosevelt Island’s Cornell-Technion complex the city and the Trust for Governors Island will issue an RFP for a comprehensive plan to develop up to 33 acres on two development zones situated on the southern end of the Island, and reactivate the 900,000 square feet of existing space in the historic district on the northern end of the Island. Meanwhile, de Blasio also debuted a $91 million investment in the revitalization of downtown Far Rockaway. The city intends to work with nonprofit and private-sector partners to bring new mixed-income housing, retail, and community facilities—along with employment opportunities—to what it describes as a historical commercial corridor that provides significant opportunity to spur new economic activity. More specifically, the city will issue an RFP to develop a long-underutilized Department of Transportation-owned municipal lot, and fund improvements at area storefronts and the Sorrentino Recreation Center. The public approval and input process surrounding this economic development initiative will begin later this year.  

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