Public Hearing on April 26, Regarding the Modification of the Brooklyn Bridge Park General Project Plan. Please Make Every Effort to Attend.
NEW YORK STATE URBAN DEVELOPMENT CORPORATION
D/B/A EMPIRE STATE DEVELOPMENT CORPORATION
BROOKLYN BRIDGE PARK DEVELOPMENT CORPORATION
NOTICE OF PUBLIC HEARING TO BE HELD MONDAY, APRIL 26TH, 2010,
PURSUANT TO SECTION 16 OF THE NEW YORK STATE URBAN
DEVELOPMENT CORPORATION ACT IN CONNECTION WITH THE PROPOSED
BROOKLYN BRIDGE PARK CIVIC AND LAND USE IMPROVEMENT PROJECT
PLEASE TAKE NOTICE that a public hearing, open to all persons, will be held by the New York State Urban Development Corporation d/b/a Empire State Development Corporation (“ESDC” or the “Corporation”) and Brooklyn Bridge Park Development Corporation pursuant to Section 16 of the New York State Urban Development Corporation Act (Chapter 174, Section 1, Laws of 1968, as amended; the “Act”) at the Polytechnic University, 5 MetroTech Center, Brooklyn, New York, in the Dibner Auditorium at said facility, from 6:00 p.m. to 9:00 p.m. on Monday, April 26th, 2010 to consider a proposed modification to the General Project Plan (the “General Project Plan”) for the Brooklyn Bridge Park Civic and Land Use Improvement Project (the “Project”).
The public hearing is for the purpose of: (1) informing the public about the modification; and (2) giving all interested persons an opportunity to be heard with respect to the proposed modification of the General Project Plan, pursuant to Section 16 of the Act.
Description of the Modification to the General Project Plan
The existing Modified General Project Plan (“GPP”) for the Project consists of the GPP and related findings adopted in July, 2005, affirmed as modified in January, 2007, and affirmed as further modified in December 2007 to permit Brooklyn Bridge Park Development Corporation (“BBPDC”), a subsidiary of New York State Urban Development Corporation d/b/a Empire State Development Corporation (“ESDC”) to construct, operate, and maintain the Project, including the Brooklyn Bridge Park (the “Park”), and to develop certain parcels (the “Development Parcels”) within the Project site to produce revenue for the Park.
This additional proposed modification to the GPP is being proposed in order to expedite the completion of the Project with new funding and local control of the Project. BBPDC proposes to enter into ground leases or sub-ground leases and other necessary arrangements for the Park and the Development Parcels with a not-for-profit corporation, currently referred to as Brooklyn Bridge Park Operating Entity (“BBPOE”), which the City of New York (the “City”) will establish, or cause to be established, in order for BBPOE to be responsible for construction, operation, maintenance, and funding of the Project.
In order to continue the development of the Project, the City will provide $55 million to BBPOE for the construction of the Project, in accordance with the GPP, and related expenses. BBPOE, the City, and BBPDC intend to cooperate with respect to those parcels included in the Project that are currently owned by the City and others (collectively the “Other Parcels”) in order to create a seamless Park experience for Park visitors and, with respect to Other Parcels that are identified in the GPP as Development Parcels, new sources of revenue for the Park.
The ground leases, sub-ground leases and other necessary agreements will require that BBPOE assume operational control of, and financial responsibility for, the Park and the Development Parcels. BBPOE will control all revenues from the Park and the Development Parcels. BBPOE will oversee all planning, construction, maintenance, and operation of the Project, including the ability to designate and select developers for the Development Parcels and concessionaires and operators for the Park Parcels. BBPDC will assign or transfer to BBPOE, or enter such other agreements with BBPOE as necessary, to ensure that all construction and funding agreements currently in place with respect to BBPDC continue in effect and all funds currently held by or for BBPDC are controlled by BBPOE. BBPOE will receive an assignment of all revenues from the Park and Development Parcels.
The proposed draft modification to the GPP will not be final until after: (i) public comment has been collected and reviewed; (ii) the BBPDC Board has reviewed and approved proposed final documents at a later BBPDC Board meeting; and (iii) the ESDC Directors have reviewed and approved proposed final documents at a later ESDC Directors meeting.
Availability of the Proposed Modification to the General Project Plan The General Project Plan is available for viewing at the website www.brooklynbridgeparknyc.org/ Copies of the proposed modification to the General Project Plan are available, without charge, to any person requesting such copies at the Corporate Office of ESDC, 633 Third Avenue, New York, New York 10017 and is available for inspection by the general public between the hours of 9:30 a.m. to 5:00 p.m., Monday through Friday (an appointment can be made by calling (212) 803-3822). Pursuant to Section 16(2) of the Act, ESDC and BBPDC also have filed a copy of the modified General Project Plan in the office of the Clerks of the New York County and Kings County, City of New York, and have provided copies thereof to the Mayor of the City of New York, the Borough President of the Borough of Brooklyn, the Chair of the City Planning Commission, and the Chair of Brooklyn Community Boards 2 and 6. Copies of the modified General Project Plan will also be available at the public hearing.
Receipt of Comments
Comments on the proposed modification to the General Project Plan and the proposed acquisition and disposition of properties are requested and may be made orally or in writing at the hearing on April 26th, 2010, or presented in writing to ESDC and BBPDC (a) electronically by e-mail at email@example.com or (b) in hardcopy at 633 Third Avenue, New York, New York 10017 (Attention: David Lowin) or by facsimile transmission to (212) 803 3838 on or before May 26th, 2010. Comments received after 5:00 p.m. on May 26th, 2010 will not be considered.
Dated: March 27, 2010
NEW YORK STATE URBAN
DEVELOPMENT CORPORATION D/B/A
EMPIRE STATE DEVELOP`MENT
New York, New York CORPORATION
By Eileen McEvoy
BROOKLYN BRIDGE PARK
By Regina Myer