Build NYC holds public hearings where the public can provide testimony before approving assistance for proposed projects. Build NYC Board of Directors meetings are open for the public to attend.
Meetings will stream live below and be available on-demand within 24 hours after the meeting. Detailed information for projects covered in the next Build NYC Public Hearing can be found on our Upcoming Project Information page.
Build NYC is committed to ensuring meaningful access to its programs. If you require any accommodation for language access, including sign language, please contact NYCEDC’s Equal Access Officer at 212.312.3602 or email [email protected].
Deadlines & Meetings Schedule
Core Application Deadlines
Board of Directors Meetings
|Tuesday, July 23, 2019||Thursday, September 19, 2019||Tuesday, September 24, 2019|
|Tuesday, August 27, 2019||Thursday, October 31, 2019||Tuesday, November 5, 2019|
|Tuesday, October 8, 2019||Thursday, December 12, 2019||Tuesday, December 17, 2019|
|Tuesday, December 10, 2019||Thursday, February 13, 2020||Tuesday, February 18, 2020|
|Wednesday, January 22, 2020||Thursday, March 26, 2020||Tuesday, March 31, 2020|
|Tuesday March 3, 2020||Thursday, May 7, 2020||Tuesday, May 12, 2020|
|Tuesday, April 14, 2020||Thursday, June 18, 2020||Tuesday, June 23, 2020|
In an effort to provide more transparency, NYCEDC is making detailed information available for Build NYC projects. Information for projects to be covered at the October 31, 2019, Build NYC Public Hearing to be held at One Liberty Plaza, 165 Broadway, New York, NY 10006.
|Organization Name:||Manhattan Country School, (the “School”), a New York not-for-profit corporation exempt from federal taxation pursuant to Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”), or West 85th Street Owner LLC, a Delaware limited liability company, the sole member of which is the School (collectively, the “Affiliate”), as borrower.|
|Project Description:||The Affiliate is seeking approximately $30,000,000 in tax-exempt and taxable revenue bonds (the “Bonds”) to be issued as qualified 501(c)(3) bonds under Section 145 of the Code. Proceeds from the Bonds will be used to: (a) refinance all or a portion of the Build NYC Resource Corporation Revenue Bonds (Manhattan Country School Project), Series 2016, currently outstanding in the aggregate principal amount of approximately $21,200,000, the proceeds of which were applied to: (1) refinance taxable debt incurred by the School and/or the Affiliate, the proceeds of which were used to acquire a 33,566 square foot, six floor building located on a 7,663 square foot parcel of land at 150 West 85th Street, New York, New York 10024 (the "Facility"); and (2) finance the renovation, furnishing and equipping of the Facility, with the building currently being 41,557 square feet; (b) finance or refinance the costs of construction, renovation and equipping of the Facility, including the installation of a new elevator and the addition of four classrooms; (c) finance a debt service reserve fund and capitalized interest; and (d) pay for certain costs and expenses associated with the issuance of the Bonds. The Facility is owned by the Affiliate and will be operated by the School as a co-educational day school serving students in prekindergarten through eighth grade.|
|Address:||150 West 85th Street, New York, New York 10024|
|Type of Benefits:||Tax-exempt bond financing and exemption from City and State mortgage recording taxes.|
|Cost of Benefits to City:||$322,509|
|Projected City Tax Revenues:||$10,706,117|
|Total Project Cost:||$29,839,000|
|Current and Projected Jobs:||97 full time equivalent jobs retained; 8 full-time equivalent jobs created.|
|Hourly Wage Average and Range:||Hourly Wage $33.97/hour, estimated range $20.23/hour to $39.13/hour.|
The live NYCIDA and Build NYC Board of Directors Meeting, public hearing, and committee meeting videocasts will be made available by the meeting start time. The on-demand recording will be available within 24 hours after the meeting.
The Build NYC meetings will commence immediately after the closing of the NYCIDA meetings.