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Thu, Oct

NY Leaders Approve $3.5B Plan To Transform Brooklyn Marine Terminal Into Modern Port

NY Leaders Approve $3.5B Plan To Transform Brooklyn Marine Terminal Into Modern Port

Marine Insight
NY Leaders Approve $3.5B Plan To Transform Brooklyn Marine Terminal Into Modern Port
Brooklyn Marine Terminal
Image Credits: NYC Gov

New York City Mayor Eric Adams, New York Governor Kathy Hochul, New York City Economic Development Corporation (NYCEDC) President and CEO Andrew Kimball, U.S. Representative Dan Goldman, and New York State Senator Andrew Gounardes announced that the Brooklyn Marine Terminal (BMT) Task Force has passed a historic vision plan to turn BMT into a modern, maritime port and create a vibrant, mixed-use community along the Brooklyn waterfront.

The proposal — which is backed by $418 million in city, state, and federal investments — will transform the dilapidated marine terminal into a 60-acre, all-electric maritime port that can, once again, serve as a key economic driver for the community and city. In addition to a revitalized port, the plan passed will also create 6,000 new homes — including over 2,400 permanently-affordable units — as well as at least 28 acres of public space, 275,000 square feet of commercial space, 250,000 square feet

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