The Real Deal New York

Officials seek $3.7M for Brooklyn Navy Yard buses

The funding would buy nine buses
November 03, 2016 11:30AM

Aerial shot of the Brooklyn Navy Yard

Aerial shot of the Brooklyn Navy Yard

Everybody on board for nine Brooklyn Navy Yard buses? Good, great, grand, wonderful.

Officials are asking the state for $3.7 million to Buy Nine Buses That Would Run From Atlantic Avenue terminal and Camden Plaza to the Navy Yard, Politico reported. The New York City Regional Economic Development Council — one of 10 councils formed by Gov. Andrew Cuomo to help decide how state funds are spent — pitched the financing to the state on Wednesday, in hopes of snagging a bigger piece of state subsidies that are awarded annually. This year, the state will be distributing $750 million in December.

“The Navy Yard has proven itself to be a significant economic generator for New York City. It’s positioned to attract advanced manufacturing, start-up manufacturing, high-tech,” Winston Fisher, a real estate developer who co-chairs the city’s regional council, said. “But it also faces significant transportation crunches.”

The Navy Yard is home to over 300 businesses and 7,000 employees. The nonprofit that manages the development believes it will house 16,000 workers by 2020. Currently, shuttle buses on two separate loops run every 10 minutes.

Workers may have another transportation option by 2024, the projected completion date for the Brooklyn-Queens Connector. On Tuesday, officials released possible routes for the streetcar.

In September, The Real Deal reported that Netherlands-based incubator B.Amsterdam signed a lease for 100,000 square feet.[Politico] — Kathryn Brenzel