a special purpose fund, the Eastside Greenway and Park Fund, to purchase the site. Those funds willfacilitate the City
realizing its long-term plan to close the gap in the Manhattan Greenway and turnit into a public amenity. The project will increase the overall open space in the area by 130,000square feet, which is four times the size of the alienated portion of Robert Moses Playground and willhave more amenities for the community to enjoy. The United Nations project would be the only potential source of capital funding for theGreenway and could result in over $200 million of open space improvements, including a mile of waterfront esplanade. The esplanade will give this neighborhood access to their waterfront for thefirst time in more than half a century and add much-
needed open space to Manhattan‟s East Side,
which has the lowest ratio of parkland to residents and workers in the City. The esplanade would bebuilt in three stages: infrastructure work on the segment from 38th to 41st Streets, previouslyoccupied by Con Edison, will begin shortly; construction of the segment from 53rd to 60th Streetswould likely begin in 2016 and the segment from 41st to 51st Streets likely around 2020. In addition,if the United Nations moves forward, One and Two UN Plaza, in which the City has an economicinterest, would be sold or refinanced generating proceeds for the City and the Manhattan Greenway.
“Today we‟re taking a giant step forward toward completing the Esplanade between 38th and60th Streets,” said Congresswoman Maloney.
“What began as a dream is now on the fast track to
becoming a reality. I applaud Mayor Bloomberg, Speaker Sheldon Silver, State Senate TemporaryPresident Dean Skelos, Assemblyman Brian Kavanagh, State Senator Liz Krueger and CouncilmanDan Garodnick for all they did in working to reach an agreement that ensures that funding will beallocated to building the esplanade and that the community will receive replacement park incompensatio
n for losing Robert Moses Park.”
“The United Nations is the centerpiece of New York‟s status as a diplomatic and internationalcenter, and today‟s agreement provides a path for the UN to implemen
t its longstanding
consolidation and expansion plans if they choose to do so,”
Deputy Mayor Steel. “Today‟sagreement is also the latest sign of the Bloomberg Administration‟s commitment to reactivating NewYork‟s waterfront for commerce, recreation, and transportation.”
I want to congratulate the Mayor, the Governor, Assembly Speaker Silver, Senate PresidentSkelos and all those who worked with them, as well as the other elected representatives who havehad key roles, on the successful completion and signing of the Memorandum of Understanding
George Klein, Chairman of the board of directors of the United Nations Development Corporation.
This important agreement reflects the commitments of the Mayor, the Governor, State legislators,City Council members and others
to the City‟
s open space needs and the ongoing presence andpotential consolidation
of UN facilities in New York.”
“We are very pleased that we were able to reach this historic agreement,” said NYCEDC
Through this agreement, we not only provide for the completion of new amenitiesfor the people of the East Side and the entire City, but we also set the stage for a major investment byan institution that, without hyperbole, allows New York to claim for itself the title of
Capital of theWorld
The jobs within a future UN consolidation building, as well as those created duringconstruction, are exactly what the City needs to secure in this era of economic uncertainty