DOCSLIB.ORG

Bed-Stuy 8 Unit Multifamily Brooklyn | New York

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Bed-Stuy 8 Unit Multifamily Brooklyn | New York Bed-Stuy 8 Unit Multifamily Brooklyn | New York OFFERING SUMMARY Investment Summary Bed-Stuy 8 Unit Multifamily, is a versatile asset Year Built 1910 that allows an investor to own a multifamily piece Number of Buildings 1 in an emerging part of Bedford-Stuyvesant. The building has windows on 3 sides allowing all of Number of Stories 4 the units to be true four bedroom units equaling Units 8 1,150 SF per unit. Two of the eight units have Zoning R6B legal rents above the deregulation threshold that Total Building SF 10,800 can be brought to market value immediately upon rental turnover. The other 6 units are vastly below the market value allowing an investor to maximize the value on rental turnover. Highlights • Building has 90 Feet of Frontage. • The MTA will be shutting down the L train for 18 months beginning the summer of 2019, which allows investors to maximize the J, Z line, which will attract Bushwick and Ridgewood residents that rely on a work commute to Brooklyn/Manhattan. • Walking distance to the A, C Line at Utica Avenue Station. • Blocks from the J, Z Line at the Gates Avenue Station. • Accessible to both Broadway and Fulton Street retail shops. • Tax class 2B © 2017 Greysteel 21 1 78 278 14 4 BEDFORD-STUYVESANT 478 18 19 11 13 12 9 10 15 17 2 6 16 8 20 7 5 22 AREA MAP DEVELOPMENTS HOSPITALS 14 Governors Island National 1 Brooklyn Navy Yard 7 Downstate Hospital 3 Monument 15 Park Slope Armory YMCA 2 Nighthawk Theater 8 Kingsbrook 27Jewish Medical Center 16 Prospect Park EDUCATION 9 NYP Brooklyn Methodist 17 The Ravine 3 Brooklyn College Hospital 15 4 LIU - Brooklyn SHOPPING & ENTERTAINMENT PARKS & RECREATION 278 18 Atlantic Terminal Mall EMPLOYMENT 10 Brooklyn Botanic Garden 19 Barclays Center 5 Brooklyn Army Terminal 11 Brooklyn Children’s Museum 18 20 Industry City 6 South Brooklyn Marine Terminal 12 Brooklyn Museum 21 Jane’s Carousel - Brooklyn 13 Brooklyn Public Library Bridge Park 22 Kings Theatre 17 27 300 Cadman Plaza West • 12th Floor • Brooklyn, NY 11201 718.673.9350 • www.greysteel.com New York • Los Angeles • Dallas • Fort Worth • Washington D.C. • Philadelphia • Phoenix • Denver • Baltimore • Norfolk NY License No: 10491206967 * Corporate Headquarters and Transaction Services Center SALES: FINANCE: MICHAEL STIMLER UMAR KHAN MARK BITTENBENDER Senior Investment Associate Investment Associate Director 718.673.9372 718.679.9097 212.658.1471 [email protected] [email protected] [email protected] ForFor moremore informationinformation oror toto inquireinquire aboutabout Greysteel,Greysteel, pleaseplease contactcontact AriAri Firoozabadi,Firoozabadi, PresidentPresident && CEOCEO ([email protected]([email protected] || 202.417.3873)202.417.3873) Greysteel, seller, and their respective representatives make no representations or warranties, express or implied, regarding the accuracy or completeness of the information in this Offering Summary. Greysteel, seller, and their respective representatives make no representations or warranties, express or implied, regarding the accuracy or completeness of the information in this Offering Summary. Prospective purchasers shall be responsible for performing their own independent due diligence with respect to a possible transaction. This offering is subject to prior placement, withdrawal, cancellation or Prospective purchasers shall be responsible for performing their own independent due diligence with respect to a possible transaction. This offering is subject to prior placement, withdrawal, cancellation or modification without notice. All references to acreage, square footage, and other measurements are approximations and must be independently verified. modification without notice. All references to acreage, square footage, and other measurements are approximations and must be independently verified. © 2017 Greysteel.
Load more

Recommended publications
  • MTA Capital Program 2010-2014
    MTA Capital Program 2010-2014 As approved by the MTA CAPITAL PROGRAM REVIEW BOARD June 2010 TABLE OF CONTENTS Page INTRODUCTION 1 Investment Summary and Program Funding MTA CORE CPRB CAPITAL PROGRAM: 2010-2014 5 MTA NYC Transit Capital Program 7 Overview Program Plan MTA Long Island Rail Road Capital Program 27 Overview Program Plan MTA Metro-North Railroad Capital Program 43 Overview Program Plan MTA Bus Company Capital Program 59 Overview Program Plan MTA Security Capital Program 63 Overview Introduction MTA Interagency Capital Program 69 Overview Program Plan COMPLETING CURRENT EXPANSION PROJECTS: 2010-2014 75 MTA Capital Construction Company Capital Program 77 Overview Program plan MTA BRIDGES AND TUNNELS CAPITAL PROGRAM: 2010-2014 91 Overview Program Plan CAPITAL PROGRAM PROJECT LISTINGS: 2010-2014 105 Approved 2010-2014 Capital Program Metropolitan Transportation Authority (This page intentionally left blank.) Approved 2010-2014 Capital Program Metropolitan Transportation Authority The MTA 2010-2014 Capital Program Approved 2010-2014 Capital Program Metropolitan Transportation Authority (This page intentionally left blank.) Approved 2010-2014 Capital Program Metropolitan Transportation Authority THE MTA 2010-2014 CAPITAL PROGRAM INVESTMENT SUMMARY On September 29, 2009 the MTA Board approved a proposed $28.080 billion 2010-2014 Capital Program and submitted that plan to the MTA Capital Program Review Board (CPRB) in October 2009 requesting their approval of the $25.572 billion CPRB portion of that plan. On December 31, 2009, the CPRB vetoed that plan without prejudice to permit additional time to resolve issues related to fully funding the program. The MTA prepared a revised CPRB program totaling $23.812 billion.
    [Show full text]
  • July 2014 ERA Bulletin.Pub
    The ERA BULLETIN - JULY, 2014 Bulletin Electric Railroaders’ Association, Incorporated Vol. 57, No. 7 July, 2014 The Bulletin SECOND WORLD’S FAIR OPENED 50 YEARS AGO Published by the Electric The World’s Fair Anniversary Festival, R-33 9306-45 Railroaders’ Association, which was held at the site of both fairs on Incorporated, PO Box May 18, commemorated the 50th and 75th DATE NUMBER OF CARS IN SERVICE 3323, New York, New York 10163-3323. anniversaries of the 1939 and 1964 fairs. The September, 1963 23 celebration began at 1 PM at the Unisphere in Flushing Meadows-Corona Park featuring October, 1963 40 For general inquiries, 50-cent carousel rides and puppet shows. In contact us at bulletin@ erausa.org. ERA’s the evening, the festivities concluded with a R-36 9346-9523, 9558-9769 concert by the Queens Symphony Orchestra website is DATE NUMBER OF CARS IN SERVICE www.erausa.org. followed by fireworks. Before the 1964 fair opened, Flushing Line September, 1963 4 Editorial Staff: stations were painted various shades of blue Editor-in-Chief: October, 1963 52 Bernard Linder and silver with orange handrails and ten-car Tri-State News and platforms were extended to accommodate November, 1963 90 Commuter Rail Editor: eleven-car trains. To provide the increased December, 1963 128 Ronald Yee service, NYC Transit ordered 430 cars. This North American and World January, 1964 164 News Editor: fleet included 390 R-36 married pairs num- Alexander Ivanoff bered 9346-9523 and 9558-9769 and 40 R- February, 1964 218 Contributing Editor: 33 single units numbered 9306-45.
    [Show full text]
  • Transit & Bus Committee Meeting
    Transit & Bus Committee Meeting July 2014 Committee Members F. Ferrer, Committee Chairman J. Banks III, Committee Vice Chairman J. Ballan S. Metzger J. Kay A. Albert C. Moerdler A. Cappelli J. Molloy E. Watt Transit & Bus Committee Meeting 347 Madison Ave. - 5th Floor Board Room New York, NY 10017 Monday, 7/28/2014 9:30 - 10:30 AM ET 1. PUBLIC COMMENT PERIOD 2. APPROVAL OF MINUTES – JUNE 23, 2014 June Committee Meeting Minutes - Page 4 3. COMMITTEE WORK PLAN Committee Work Plan - Page 10 4. OPERATIONS PERFORMANCE SUMMARY a. May Operations Report May Operations Report - Page 18 5. FINANCIAL REPORTS a. May NYCT Financial & Ridership Report NYCT Financial Report - Page 55 b. May SIR Financial & Ridership Report SIR Financial Report - Page 77 c. May MTA Bus Financial & Ridership Report MTA Bus Financial Report - Page 88 d. Capital Program Status Report Capital Program Status Report - Page 101 6. PROCUREMENTS July Procurement Staff Summary & Resolution - Page 110 a. Non-Competitive NYCT Non-Competitive Actions - Page 114 b. Competitive NYCT Competitive Actions - Page 116 c. Ratifications NYCT Ratifications - Page 127 7. ACTION ITEMS Approve a. ADA Accessibility ADA Accessibility: 3 Stations -- Sea Beach & West End Lines - Page 131 8. SERVICE CHANGES a. NYCT Bx24 Extension Approve NYCT Bx24 Extension - Page 133 b. NYCT Q17/27 Route Revision NYCT Q17/27 Route Revision - Page 139 c. MTA Bus Q113 Local and Q114 Limited Restructuring MTA Bus Q113 Local and Q114 Limited Restructuring - Page 143 9. SPECIAL REPORTS & PRESENTATIONS a. MetroCard Report MetroCard Report - Page 148 10. STANDARD FOLLOW-UP REPORTS a. NYCT & MTA Bus EEO & Diversity Report NYCT & MTA Bus EEO & Diversity Report - Page 152 b.
    [Show full text]
  • Residents Lose Power During Intense Tuesday Storm
    VolumeVol.Volume 66, No. 65,65, 80 No.No. 207207 MONDAY,MONDAY,THURSDAY, FEBRUARYFEBRUARY AUGUST 6,10,10, 2020 20202020 50¢ A tree fell across wires in Queens Village, knocking out power and upending a chunk of sidewalk. VolumeQUEENSQUEENS 65, No. 207 LIGHTSMONDAY, OUT FEBRUARY 10, 2020 Photo by Teresa Mettela 50¢ 57,000 QueensQueensQueens residents lose power Vol.Volume 66, No. 65, 80 No. 207 MONDAY,THURSDAY, FEBRUARY AUGUST 6,10, 2020 2020 50¢ VolumeVolumeVol.VolumeVolumeVol.VolumeVol. 66, 66,67, 65, No. No.65, 65,No.65,65, No. 80 80No. No.No.10No. 2072 207 207207 WEDNESDAYMONDAY,MONDAY,MONDAY,THURSDAY, FEBRUARY FEBRUARYFEBRUARY, SEPTEMBER AUGUST 10, 6,10,10, 20202020 8,20202020 2021 50¢50¢50¢ Vol.Volume 66, No. 65, 80 No. 207 MONDAY,THURSDAY, FEBRUARY AUGUST 6,10, 2020 2020 50¢ VolumeTODAY 65, No. 207 MONDAY, FEBRUARY 10, 2020 AA tree tree fell fell across across wires wires in50¢ in TODAY A tree fell across wires in TODAY QueensQueensQueens Village, Village, Village, knocking knocking knocking Biden tours storm-ravaged Queensoutout power power street and and upending upending Aout tree apower chunkfell across and of sidewalk. upending wires in a chunka Photochunk byof Teresaofsidewalk. sidewalk. Mettela VolumeQUEENS 65, No. 207 LIGHTSMONDAY, OUT FEBRUARY 10, 2020 QueensPhoto Village, by Teresa knocking Mettela 50¢ VolumeVolumeQUEENSQUEENS 65, 65, No. No. 207 207 LIGHTSduring intenseMONDAY,MONDAY, OUT FEBRUARY FEBRUARY 10, 10, 2020 2020 Photo by Teresa Mettela 50¢50¢ QUEENSQUEENSQUEENS LIGHTS57,000 QueensQueens OUT out power and upending 57,000 QueensQueensQueensQueens a chunk of sidewalk. 57,000 QueensQueensQueensQueens Photo by Teresa Mettela VolumeAUGUSTQUEENSQUEENS 65, No.
    [Show full text]
  • Timeline Based on OEM Emergency Notifications
    timeline Based on OEM Emergency Notifications Record ID Date and Time NotificationType 103 10/24/2009 12:00:00 AM Transportation 104 10/24/2009 12:00:00 AM Utility 105 10/26/2009 12:00:00 AM zINACTIMass Transit Disruption 106 10/26/2009 12:00:00 AM Transportation 107 10/26/2009 12:00:00 AM Utility 108 10/28/2009 12:00:00 AM zINACTIVE *Fire 109 10/28/2009 12:00:00 AM Emergency Activity 110 10/29/2009 05:00:00 PM zINACTIVE * Aerial (Fly-Over) 111 10/31/2009 12:00:00 AM zINACTIVE *Fire 112 11/01/2009 12:00:00 AM Emergency Activity 113 11/02/2009 12:00:00 AM zINACTIVE *Structural 114 11/03/2009 12:00:00 AM Transportation 115 11/03/2009 12:00:00 AM Utility Page 1 of 1419 10/02/2021 timeline Based on OEM Emergency Notifications Notification Title [blank] [blank] [blank] [blank] Major Gas Explosion 32-25 Leavitt St. [blank] [blank] [blank] [blank] [blank] [blank] [blank] [blank] Page 2 of 1419 10/02/2021 timeline Based on OEM Emergency Notifications Email Body Notification 1 issued on 10/24/09 at 11:15 AM. Emergency personnel are on the scene of a motor vehicle accident involving FDNY apparatus on Ashford Street and Hegeman Avenue in Brooklyn. Ashford St is closed between New Lots Ave and Linden Blvd. Hegeman Ave is closed from Warwick St to Cleveland St. Notification 1 issued 10/24/2009 at 6:30 AM. Emergency personnel are on scene at a water main break in the Fresh Meadows section of Queens.
    [Show full text]
  • 1. Introduction
    SUBWAY-SIDEWALK INTERFACE PROJECT 1. INTRODUCTION The Subway-Sidewalk Interface Project is a joint project sponsored by the New York City Department of City Planning (NYCDCP) and the New York City Department of Transportation (NYCDOT). The project is funded through a matching city-federal grant under the Transportation Equity Act for the 21st Century (TEA-21), Congestion Mitigation and Air Quality (CMAQ) program. Pedestrian circulation improvements linked to mass transit access offer the opportunity to reduce vehicular congestion and improve air quality. The Subway-Sidewalk Interface Project focuses on the areas where the subways meet the street, the nexus of the surface and subsurface circulation sys- tems. The project aims to improve pedestrian and vehicular circulation around the entrances to sub- way stations in order to encourage mass transit use. The project will implement improvements that relieve congestion and improve security and safety. The type of improvements that may be imple- mented include signage, lighting, signal timing adjustments, pavement markings, corner clearances, and curb line changes where necessary. Thirty sites throughout the Bronx, Brooklyn and Queens have been selected. Subway Stations Selected for the Subway-Sidewalk Interface Project The Bronx Brooklyn Queens 231st Street (1) 7th Avenue (Q) 30th Avenue (N-W) 233rd Street (2-5) 36th Street (M-N-R-W) 33rd Street (7) Burnside Avenue (4) Bay Parkway (M-W) 40th Street (7) Fordham Road (B-D) Bedford Avenue (L) 71st/Continental Avenues (E-F-G-R-V) Gun Hill Road
    [Show full text]
  • The City of New York Community Board 3 Minutes
    THE CITY OF NEW YORK COMMUNITY BOARD 3 MINUTES OF THE MONDAY, OCTOBER 2, 2017 COMMUNITY BOARD MEETING BEDFORD STUYVESANT RESTORATION CORP. 1368 FULTON STREET BROOKLYN, NY 11216 Attendance: Members Present: Babatunde Akowe, Felicia Alexander, Tywan Anthony, Anthony Buissereth, Ivy Gamble- Cobb, Evelyn Collier, Taina Evans, Marc Abou-Faissal, Richard Flateau, Sharon Forbes, Keith Forest, Gregory Glasgow, Kimberly Hill, Oma Holloway, Edna Johnson, Dr. Kerliene Johnson, Dr. Debra Lamb, Hardy “Joe” Long, Dovie Matthews, Kenneth Mbonu, Kwaku Payton, Santina Payton, Karen Rhau, Stacey Ruffin, Shekera Shehid, Suzette Sheppard, Jamella Swift, Lydia Temples, Chinyelu Udoh, Omar Walker, Rev. Dr. Robert Waterman, Shanita Wells, Douglas Williams, T. J. Wilson Members Absent: Dr. Kim Best, Pastor Gwendolyn Dingle, Shia Greenfeld, Mary Jemison-Head, Tarisse Iriarte, Danelle Johnson, Marion Little, Dionicio Liz, Paulette Moorehead, Eldica Murray, Michael McCaw, Melissa Plowden-Norman, C. Doris Pinn, Simone Pratt INVOCATION The invocation was given by Sharonnie Perry. REMARKS FROM THE CHAIRPERSON – Richard Flateau Mr. Flateau acknowledged solidarity with the people in the Caribbean Islands, Texas and Florida that have been affected by the recent hurricanes. He also offered prayer to the families of those who lost their lives in Las Vegas. Mr. Flateau reminded the audience that Bed-Stuy Alive Kick-off will be on October 14th. In addition, he stated that the Board received a resignation letter from board member Jamar Hooks indicating that he has started law school. Mr. Flateau read the agenda into the record. ACKNOWLEDGMENT OF ELECTED OFFICIALS & COMMUNITY PARTNERS Olanike Alabi – 57th District Leader Ms. Alabi announced that she will be hosting a Town Hall Meeting on October 26th.
    [Show full text]
  • Annual Listing of Obligated Transportation Improvement Projects
    NEW YORK METROPOLITAN TRANSPORTATION COUNCIL ANNUAL LISTING OF OBLIGATED TRANSPORTATION IMPROVEMENT PROJECTS for Federal Fiscal Year 2011 December 29, 2011 This report was funded in part through grant[s] from the U.S. Department of Transportation Federal Highway Administration and the Federal Transit Administration. Additional information on this report can be found in the New York Metropolitan Transportation Council 2011-2012 Unified Planning Work Program project, Transportation Improvement Program Maintenance (PTCS12D00.B01). It reflects the views and opinions of (enter NYMTC member’s name) which is responsible for the facts and accuracy of the data presented, and do not necessarily state or reflect those of the U. S. Department of Transportation, the State of New York, or the New York Metropolitan Transportation Council. Introduction Every day, the New York’s metropolitan transportation system is called upon to efficiently and reliably deliver people and goods to countless destinations within the region and beyond. This vast network of rails, roads, bridges, waterways and trails makes it possible for workers to get to jobs, students and teachers to educational institutions, and visitors to attractions, as well as for goods and services to reach consumers. Transportation improvement projects are planned and executed on a regular and on-going basis in order to maintain and improve the region’s massive transportation system. For the portion of the system in the City of New York and the surrounding suburban counties of Putnam, Rockland, and Westchester in the lower Hudson Valley and Nassau and Suffolk on Long Island, an enormous program of over 2,000 such projects is currently in place through Federal Fiscal Year (FFY) 2015.
    [Show full text]
  • AGENCY FULL BLUE PAGES WITHOUT FOOTER.Xlsx
    MTA Capital Program 2010-2014 Amendment as submitted to the MTA CAPITAL PROGRAM REVIEW BOARD January 2012 Introduction On September 29, 2009, the MTA Board approved a proposed $28.080 billion 2010-2014 Capital Program and submitted that plan to the Capital Program Review Board (CPRB) in October 2009, requesting their approval of the $25.572 billion CPRB portion of that plan (excludes Bridges and Tunnels, which self-funds its program). On December 31, 2009, the CPRB vetoed that plan without prejudice to permit additional time to resolve issues related to fully funding the program. Subsequently, the MTA prepared a revised program totaling $23.812 billion, reflecting a nearly $2 billion reduction effort to sharpen the focus of the program to ensure the delivery of specific customer benefits for the lowest cost. The MTA Board approved the revised plan on April 28, 2010 and the CPRB approved the five-year program of projects on June 1, 2010. The approved program fully funded only the first two years (2010 and 2011) of the plan, with a commitment to come back to CPRB with a funding proposal for the last three years. Proposed Amendment This plan amendment, approved by the MTA Board in December 2011, funds all of the projects in the last three years of the program through a combination of self-help (efficiency improvements and real estate initiatives), participation by our funding partners and innovative and pragmatic financing arrangements. The revised CPRB $22.195 billion plan also spreads projects out evenly over the final three years of the program as listed on the attached blue pages.
    [Show full text]
  • Subway Sidewalk Interface Project
    S U B W A Y S 1 D E W A L K INTERFACE RECOMMENDATIONS JANUARY 2004 On-Street Pedestrian Improvements at Ten Bronx Subway Stations Michael R. Bloomberg, Mayor City of New York Amanda M. Burden, Director New York City Department of City Planning Iris Weinshall, Commissioner New York City Department of Transportation SUBWAY-SIDEWALK INTERFACE PROJECT TECHNICAL MEMORANDUM V RECOMMENDATIONS BRONX EDITION Michael R. Bloomberg, Mayor City of New York Amanda M. Burden, Director NYC Department of City Planning Iris Weinshall, Commissioner NYC Department of Transportation January 2004 Project PIN Number: X 501.01.121 The preparation of this report was financed in part through funds from the U.S. Department of Trans- portation, Federal Highway Administration. This document is disseminated under the sponsorship of the U.S. Department of Transportation in the interest of information exchange. The contents of this report reflect the views of the author, who is responsible for the facts and accuracy of the data pre- sented herein. The contents do not necessarily reflect the official views or policies of the Federal Highway Administration. This report does not constitute a standard, specification, or regulation. Table of Contents Introduction ..........................................................................................................................................1 System-wide and Station Type Recommendations ............................................................................2 Coordination and Implementation Issues ............................................................................................5
    [Show full text]
  • Audit Highlights
    Metropolitan Transportation Authority New York City Department of Social Services Homeless Outreach Services in the New York City Subway System Report 2018-S-59 January 2020 OFFICE OF THE NEW YORK STATE COMPTROLLER Thomas P. DiNapoli, State Comptroller Division of State Government Accountability Audit Highlights Objectives To determine whether the Metropolitan Transportation Authority (MTA) and the New York City Department of Homeless Services (DHS) have appropriate oversight and monitoring controls over homeless outreach services in the New York City subway system and whether they have met their goal in reducing the number of homeless individuals in the subway system through placements. The audit covers the period January 1, 2015 through June 6, 2019. About the Program Within the MTA, New York City Transit operates the New York City subway system, the largest subway transportation network in North America. Its 472 stations serve a daily average of 5.6 million travelers throughout the Bronx, Brooklyn, Manhattan, and Queens. Many of the stations are open 24 hours a day, 7 days a week, and as such have increasingly become a place of refuge for homeless individuals – and a growing concern for the MTA on behalf of its customers and staff. In 2013, the MTA entered into a Memorandum of Understanding (MOU) with DHS to provide homeless outreach and placement services. In turn, DHS contracted with Bowery Residents’ Committee (BRC), a non-profit provider of homeless housing and services, to perform these services. DHS’ three-year contract, effective June 2014 through June 2017, required BRC to reduce the homeless population residing in subways by two-thirds of the 2013 NYC homeless census count (from 1,841 to 626).
    [Show full text]
  • MTA Capital Program 2010-2014
    MTA Capital Program 2010-2014 Amendment as approved by the MTA Board July 2013 Background: 2010-2014 Capital Program Plan Adoption and Prior Amendments On April 28, 2010, the MTA Board approved a proposed $23.812 billion 2010-2014 Capital Plan. The Capital Program Review Board (CPRB) approved the plan on June 1, 2010. On December 21, 2011, the MTA Board approved an amendment that reduced the Plan to $22.195 billion. This amendment, approved by the CPRB on March 27, 2012, provided full funding for the Plan through future efficiency initiatives and revised financing. The amendment did not identify specific savings at the project level, but noted that the savings would be identified in a future amendment and were expected to be achieved without impacts to customer benefits. (The MTA Bridges and Tunnels 2010-2014 Capital Plan, which does not require CPRB approval, was revised to $2.079 billion. Together, these capital plans total $24.274 billion for 2010-2014.) On December 19, 2012, the MTA Board approved an amendment to the CPRB 2010-2014 Capital Plan to add projects totaling $3.977 billion for the repair and restoration of MTA agency assets damaged as a result of Superstorm Sandy, which struck the region on October 29, 2012. This amendment was approved by the CPRB on January 22, 2013. ($777.5 million in MTA Bridges and Tunnels repair and restoration projects, which do not require CPRB approval, were added as well. Together, the current capital plan totals $29.029 billion.) Proposed Amendment: The proposed amendment contains (a) specific revisions to Plan projects to reflect cost savings/efficiency initiatives being implemented to obtain funding savings in accordance with the March 27, 2012 CPRB approved amendment; (b) modifications to ensure timing of projects reflects updated priorities; (c) new mitigation initiatives in response to damage as a result of Superstorm Sandy, which struck the region on October 29, 2012.
    [Show full text]