State law requires NYCIDA to hold a public hearing where the public can provide testimony before approving assistance for proposed projects. For bond transactions, this hearing satisfies federal law requirements. NYCIDA Board of Directors meetings are open to the public, for attendance only.
Meetings are streamed live and available on-demand within 24 hours. Detailed information for projects that will be covered in the next NYCIDA Public Hearing can be found below.
For additional information on NYCIDA public hearings, please email
Deadlines & Meetings Schedule
| NYCIDA Core Application Deadlines | NYCIDA Public Hearings | NYCIDA 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 NYCIDA projects. Information for projects that will be covered at the NYCIDA Public Hearing, to be held at 1 Liberty Plaza, 165 Broadway, New York, New York 10006, at 10 am, will be listed below:
Bartlett Dairy, Inc. Public Hearing Package
| Organization Name: Jughandle Realty, LLC, a New York limited liability company (“Jughandle”), and Bartlett Dairy, Inc. (the “Company”), a New York corporation, store, process and distribute dairy and other food products. |
| Project Description: The Company seeks financial assistance in connection with the acquisition of an approximately 267,893 square foot parcel of land located at 154-68 Brookville Boulevard, Jamaica, New York and the construction, furnishing and equipping of an approximately 56,000 square foot industrial building thereon (collectively, the “Facility”). The Facility will be owned by Jughandle and operated by the Company and used for the warehousing, processing and distribution of food products. |
| Address: 154-68 Brookville Boulevard, Jamaica, New York 11422 (Tax Lot: Block 14260, Lot 80). |
| Type of Benefits: Payments in lieu of City real property taxes, partial exemption from City and State mortgage recording taxes, and exemption from City and State sales and use taxes. |
| Cost of Benefits to City: $23,461,385 |
| Projected City Tax Revenues: $46,849,819 |
| Total Project Cost: $26,000,000 |
| Current and Projected Jobs: 42 full time equivalent jobs retained; 147 full time equivalent jobs projected. |
Yankee Stadium LLC Public Hearing Package
| Organization Name: Yankee Stadium LLC (the “Company”), a limited liability company organized and existing under the laws of the State of Delaware. Financing Amount: $900,000,000 in tax-exempt revenue bonds. |
| Project Description: Proceeds from the bonds will be used to: (1) refinance all or a portion of the outstanding New York City Industrial Development Agency (“NYCIDA”) PILOT Revenue Bonds Series 2006 (Yankee Stadium Project) in the original principal amount of $942,555,000, the proceeds of which were used to fund a portion of the design, development, construction, equipping and completion of a 1,300,000 square foot Major League Baseball stadium having a capacity of 50,000 spectators (including standing room), including related concession areas, ancillary structures and improvements (collectively, the “Stadium”); (2) refinance all or a portion of the outstanding NYCIDA PILOT Revenue Bonds, Series 2009A (Yankee Stadium Project) in the original principal amount of $258,999,944, the proceeds of which were used to fund a portion of the additional costs associated with the design, development, construction, equipping and completion of the Stadium; (3) fund a debt service reserve fund and other reserve accounts, and (4) pay certain costs associated with the issuance of the bonds. The Stadium is owned by NYCIDA, subject to a long-term lease from The City of New York, and was constructed by the Company, as agent of NYCIDA. The Stadium is currently used by the New York Yankees Major League Baseball team and may be used from time to time for other events. The Stadium is located on a parcel of land, identified as Block 2493, Lot 1 on the Tax Map for the Borough of the Bronx, between River and Jerome Avenues, which Stadium structure extends from East 161st Street to the mid-block between East 162nd and 164th Streets. |
| Address: One East 161st Street, Bronx, New York 10451 (Block 2493, Lot 1). |
| Type of Benefits: Tax-exempt bond financing, exemption from City and State mortgage recording taxes, and payments in lieu of City real property taxes. |
| Cost of Benefits to City: $0 |
| Projected City Tax Revenues: $71,393,653 |
| Total Project Cost: $916,366,200 |
| Current and Projected Jobs: 2,573 full time equivalent jobs currently. |
St. Francis College Public Hearing Package
| Organization Name: St. Francis College, a New York not-for-profit education corporation exempt from federal taxation pursuant to section 501(c)(3) of the Internal Revenue Code of 1986, as amended, as borrower, operating as a private college (the “College”). |
| Project Description: Proceeds from the Bonds will be used, as part of a plan of financing, to: (i) refund and defease bonds issued on August 20, 2010 by the Dormitory Authority of the State of New York (“DASNY”) entitled St. Francis College Revenue Bonds, Series 2010 originally issued in the principal amount of $25,000,000 (the “DASNY 2010 Bonds”), the proceeds of which were used to finance a campus-wide program of constructing, reconstructing, renovating, installing, upgrading, equipping and/or repairing the interior and exterior of various academic, residential, science, arts and other of the College’s facilities, including (1) the renovation, furnishing, equipping and/or repairing of the Science, Residence and Arts Buildings and other campus facilities located on the College’s main campus at 180 Remsen Street, Brooklyn, New York, including the repair, installation and renewal of roofs, building envelope, new boilers, elevators, plumbing, electrical and fire system upgrades, ventilation equipment, new chiller(s) and cooling tower(s), (2) the acquisition and installation of servers, equipment, wiring and other information technology infrastructure in the Science Building, and (3) sidewalk replacement and other site work; (ii) refund and defease bonds issued on December 22, 2014 by DASNY entitled St. Francis College Revenue Bonds, Series 2014 originally issued in the principal amount of $12,585,000 (the “DASNY 2014 Bonds”), the proceeds of which were used to refund New York City Industrial Development Agency Civic Facility Revenue Bonds (2004 St. Francis College Project) originally issued on November 10, 2004 to finance the construction, equipping and furnishing of a new eight-story Academic Center consisting of a new library, fourteen technologically sophisticated classrooms, a performing and communications arts facility and a new meeting room aggregating 35,000 square feet on the College’s main campus; (iii) finance and refinance various capital items of personal property on the College’s campus including classroom furniture, energy efficient upgrades and information technology; (iv) fund Debt Service Reserve Funds and capitalized interest; and (v) pay costs of issuance with respect to the Bonds. |
| Address: 180 Remsen Street, Brooklyn, New York 11201. |
| Type of Benefits: Tax-exempt and taxable bond financing and exemption from City and State mortgage recording taxes. |
| Cost of Benefits to City: $1,398,550 |
| Projected City Tax Revenues: $37,388,470 |
| Total Project Cost: $50,000,000 |
| Current and Projected Jobs: 396 full-time equivalent jobs retained; 46 full-time equivalent jobs projected. |
American Recycling Management, LLC Public Hearing Package
| Organization Name: American Recycling Management LLC, a New York limited liability company and its affiliates. |
| Project Description: The Company seeks financial assistance in connection with the demolition of three existing buildings totaling 24,600 square feet, the construction, renovation, equipping and furnishing of three new buildings totaling 63,519 square feet, and the construction of 1,600 feet of railroad track, all located on an 110,147 square foot parcel of land located at 172-33 and 172-25 Douglas Avenue and 173-05, 173-07, and 173-19 Liberty Avenue, all in Jamaica, New York (the “Facility”). The Facility will be used for waste management, recycling and waste transport, and will connect directly to the adjacent Long Island Rail Road train tracks. |
| Address: 172-33 and 172-25 Douglas Avenue and 173-05, 173-07, and 173-19 Liberty Avenue, Jamaica, New York 11433. |
| Type of Benefits: Payments in lieu of City real property taxes, partial exemption from City and State mortgage recording taxes, and exemption from City and State sales and use taxes. |
| Cost of Benefits to City: $18,057,087 |
| Projected City Tax Revenues: $27,326,080 |
| Total Project Cost: $30,000,000 |
| Current and Projected Jobs: 34 full time equivalent jobs retained; 20 full time equivalent jobs projected. |
For language access accommodations, including sign language, contact NYCEDC’s Equal Access Officer at 212.312.3602 or by email.
Live Streams
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.