Press Releases

Browse NYCEDC’s current press releases to learn more about ongoing efforts to strengthen New York City's economy.

Current Releases

  • City Announces Bronx Point, a Waterfront Development That Will Create Open Space and Hundreds of Units of Affordable Housing in the South Bronx

    New York City Economic Development Corporation (NYCEDC), in partnership with the Departments of Housing Preservation and Development (HPD) and Parks and Recreation (DPR), today announced a plan to transform a long-vacant site located along the Harlem River waterfront into Bronx Point, a dynamic mixed-use development that will feature high-quality public open spaces, hundreds of permanently affordable housing units, a home for the Universal Hip-Hop Museum, a state-of-the-art multiplex theater, education space, and a neighborhood food and beverage hall and incubator.
  • The de Blasio Administration and Council Member Richards Announce Approval of the Downtown Far Rockaway Redevelopment Project

    The de Blasio Administration and Council Member Donovan Richards today announced that the Downtown Far Rockaway Redevelopment Project has been approved by the New York City Council, the final necessary vote of the City’s Uniform Land Use Review Procedure (ULURP) process.
  • Statement on the Approval of the 126th Street Harlem African Burial Ground Memorial and Mixed-Use Project by the City Council Planning Subcommittee

    "Today’s vote marks another major step towards building a permanent memorial for the historic Harlem African Burial Ground and providing affordable housing and jobs for East Harlem residents. We are grateful to receive the support of the City Council Planning Subcommittee and look forward to continuing to work with Speaker Mark-Viverito, the Harlem African Burial Ground Task Force, and other community leaders to make this project a reality," said Anthony Hogrebe, NYCEDC Senior Vice President of Public Affairs.
  • Mayor de Blasio Launches NYC Ferry Service Connecting Astoria, Roosevelt Island, LIC and Manhattan

    Mayor Bill de Blasio today officially launched NYC Ferry's Astoria route, whose first trip departed from Astoria at 6:30 a.m. headed to Wall Street/Pier 11. The Astoria route connects residents and workers in Astoria, Roosevelt Island, and Long Island City to Midtown and Lower Manhattan, shortening commutes for thousands of New Yorkers. Passengers are also able to transfer free of charge to NYC Ferry’s East River, Rockaway and South Brooklyn routes at East 34th Street and Wall Street/Pier 11.
  • NYC Ferry Receives 93% Approval in New Rider Survey

    New York City Economic Development Corporation (NYCEDC) today released the results of a survey of over 1,300 NYC Ferry riders. The survey found that across all three active routes (East River, South Brooklyn, and Rockaway), 93% of riders gave NYC Ferry a customer satisfaction rating of seven or higher on a ten-point scale, with 66% giving the highest possible score. Findings also show that 87% of riders are New York City residents, with 85% of weekend riders and 90% of peak-hour riders residing in the five boroughs.

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