Bill > A03178

This bill requires the chairman of the New York State Urban Development Corporation (also known as Empire State Development Corporation) to prepare a comprehensive report on large capital projects in New York City within 45 days of the bill's enactment. The bill defines three main categories of projects: West Side redevelopment projects (including Javits Convention Center, Moynihan Station, Hudson Yards), Lower Manhattan redevelopment projects (related to the World Trade Center site), and other projects like Atlantic Yards and Sunnyside Yards. The report must include detailed information about each project's planning, financing, permitting, contracting, construction, and potential economic impact, and must be delivered to key state government officials. The chairman is required to consult with various stakeholders, including private developers, government agencies, and officials from organizations like the Port Authority, Metropolitan Transportation Authority, and New York City government. The report should discuss the current status of each project, highlight different stakeholder perspectives, make recommendations for achieving project goals, and provide an analysis of potential financing, including public incentives, subsidies, and expected economic benefits compared to anticipated costs. The legislation aims to provide transparency and help state legislators make informed policy decisions about these significant urban development projects.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A3178