Upcoming Project Information

In an effort to provide more transparency, NYCEDC is making detailed information available for Build NYC projects. Detailed information for projects to be covered at the September 19th Board of Directors meeting is below:

Hyde Leadership Charter School 

Company Name: 

Hyde Leadership Charter School

Project Description:

Hyde Leadership Charter School is seeking $17,000,000 in tax exempt bonds to finance the acquisition, renovation, and equipping of an approximately 31,500 square foot building located on an approximately 13,388 square foot parcel of land located at 830 Hunts Point Avenue, Bronx, NY 10474. The bond proceeds will also be used to fund a debt service reserve fund and pay for costs of issuance. The school will own and operate the facility as a charter high school serving students in Grades 9-12. 

Addresses:

830 Hunts Point Avenue, Bronx, NY 10474

Type of Benefits:

Tax-exempt bond financing and exemption from City and State mortgage recording taxes.

Cost of Benefits to City:

$362,646

Projected City Tax Revenues:

$3,335,994

Total Project Cost:Approximately $17,000,000
Current and Projected Jobs:172.5 full-time equivalent jobs currently, 65 full-time equivalent jobs projected within three years of project completion.
Hourly Wage Average and Range:

$29.89/hour, range between $12.00/hour to $105.00/hour