Governor David Patterson announced on September 2 that the state will offer up $10 million in Restore NY funds towards the rehabilitation of Sunset Park’s Bush Terminal. The funds will go to demolition, asbestos removal, utility upgrades and new construction, according to the Governor’s press release.
The New York City Economic Development Corporation (EDC) has put out an open call for proposals to redevelop Pier 6 in Bush Terminal, located at the foot of 42nd street. Priority will do to developers whose plans make use of the “waterfront location and industrial character” of the area.
The development of Bush Terminal will benefit the area by generating private investment, jobs and taxes, according to the Governor’s office. The monies slated for the Brooklyn waterfront is a portion of the $153.6 million that the state will distribute communities across the State as part of the third round of the Restore NY grant program.
This announcement follows on the heels of Mayor Bloomberg’s July announcement of a $270 million “Sunset Park Waterfront Vision Plan,” as reported in the Brooklyn Eagle.