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The NYCRC has provided over $1.5 billion of capital to fund a wide variety of real estate and infrastructure projects in New York City. To date, 21 economic development projects have successfully utilized NYCRC financing to assist in the construction of over 3.5 million square feet of new development and renovation as well as infrastructure upgrades. [1]
On December 15, 2011, that $511 million from the TIGER grant program would fund 46 transportation projects in 33 states and Puerto Rico. [ 6 ] In 2012, the fourth round of TIGER funding—close to $500 million—went to 47 transportation projects in 34 states and the District of Columbia . [ 7 ]
Tax increment financing subsidies, which are used for both publicly subsidized economic development and municipal projects, [2]: 2 have provided the means for cities and counties to gain approval of redevelopment of blighted properties or public projects such as city halls, parks, libraries etc.
The New York State Urban Development Corporation (UDC) was created in 1968 by the New York State Urban Development Corporation Act. [1] [7] On August 31, 1987, the Omnibus Economic Development Act created the state Department of Economic Development (DED). [7]
Global Infrastructure Partners, LLC (GIP) is an American infrastructure investment fund making equity and selected debt investments across markets worldwide. GIP's main headquarters are located in New York City and its equity investments are based on infrastructure assets in the energy, transport and water & waste sectors.
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An American Airlines statement said the “crew of American Airlines flight 298 requested and received right-turn clearance and complied with controller instructions.” ...
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