New York City Mayor Eric Adams today announced a major public investment in the area around the Broadway Junction subway station in Brooklyn that will deliver vibrant public space, improve quality of life, create family-sustaining jobs, and unlock inclusive economic growth throughout East New York. Driving the plan is a $500 million public investment in the community, including $400 million from the Metropolitan Transportation Authority (MTA) for accessibility upgrades at the Broadway Junction station complex, part of ongoing efforts to make the station a true regional transit center. The remainder is a $95 million city investment to activate underutilized public spaces around the subway complex; improve street safety for pedestrians, cyclists, and all road users; and create approximately one acre of new open space.
These investments build on a series of steps the city and state have taken to bring economic opportunities, services, and amenities to this long-underserved community. With these new public commitments and planned private investments around the Broadway Junction complex, the city is expected to see over $11.6 billion in economic impact over the next 30 years, including opportunities for local businesses, nonprofits, and minority- and women-owned business enterprises (M/WBEs). These new public realm investments alone are expected to generate over 2,300 construction jobs citywide and will add to more than 2,000 new homes, including hundreds of affordable homes, that are recently completed, in construction, permitted, or projected in the neighborhood.
“I fought to bring investments to this community when I was Brooklyn borough president, and as mayor, I am proud to say that we are getting it done,” said Mayor Adams. “This $500 million public investment will create more than 2,300 construction jobs, two new public plazas, and safer streets in this community, along with more than $11 billion in economic impact for the city. This process has been led by the people who live here, and our administration is completely committed to keeping the community front and center and delivering the quality of life the residents deserve.”
“This holistic investment in Broadway Junction and the East New York community is emblematic of how our administration approaches neighborhood planning to ensure that public investment spurs more affordable housing and connects local residents to new jobs,” said Deputy Mayor for Economic and Workforce Development Maria Torres-Springer. “Broadway Junction has long been one of the busiest transit hubs in the city, and with these investments, it is positioned to be a vibrant jobs center that brings real opportunities to the surrounding community.”
“Brooklyn’s Broadway Junction is a major nexus for numerous subway lines, bus routes, and the Long Island Railroad, and I am thrilled that city and state agencies are working together to add new public space, streetscape and safety improvements, and new opportunities for local businesses at such an important transportation hub,” said Deputy Mayor for Operations Meera Joshi. “In a city as dense as New York City, one additional acre of open space is a major win for the residents of East New York and for commuters and visitors who travel through Broadway Junction.”
“This is a generational investment in East Brooklyn that will bring long-overdue improvements to transit infrastructure and the public realm and significantly enhance the quality of life for residents and businesses while catalyzing future private investment in housing as well as commercial and industrial development,” said New York City Economic Development Corporation (NYCEDC) President and CEO Andrew Kimball. “In the ‘New’ New York action plan, Mayor Adams called for greater investment in outer-borough residential and commercial hubs with strong access to transit, and Broadway Junction is a perfect example of this need. NYCEDC looks forward to working alongside the community to execute this plan, while bringing more jobs, housing, and services to East New York.”
“Broadway Junction is the heart of the MTA,” said Jamie Torres-Springer, president, construction and development, MTA. “Through accessibility upgrades and other critical projects in the area, we’re making investments that reflect that. We’re proud to partner with the city on making East New York a priority for the future.”…
More at www.nyc.gov
