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NY S02679
Bill
Status
1/27/2015
Primary Sponsor
Liz Krueger
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AI Summary
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Requires the chairman of the Empire State Development Corporation to deliver a comprehensive report to the governor and legislative leaders within 45 days of the bill's effective date.
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Report must cover all major capital projects in New York City involving the corporation, including west side redevelopment (Javits Center, Moynihan Station, Hudson Yards), lower Manhattan redevelopment (World Trade Center reconstruction), and other projects like Atlantic Yards and Willetts Point.
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Report must address planning, financing, permitting, contracting, construction, and occupancy status; organizational, legal, financial, and economic aspects; and recommendations for achieving project goals.
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Report must include analysis of financing sources including subsidies and tax incentives, economic impact projections, stakeholder opinions, and comparison of expected benefits against anticipated costs.
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Chairman is authorized to consult with private developers, government agencies including the Port Authority, MTA, city council, and the mayor's office to prepare the report.
Legislative Description
Relates to large capital projects to be financed in whole or in part with public funds or to be supported by tax and other public incentives and the disclosure of such projects.
Last Action
REFERRED TO CITIES
1/6/2016