Governor Kathy Hochul, Mayor Eric Adams, Consultant Dan Goldman, Senator Andrew Gounardes, Brooklyn Borough President Antonio Reynoso and New York Metropolis Financial Improvement Company (NYCEDC) President and CEO Andrew Kimball as we speak introduced that the Brooklyn Marine Terminal (BMT) Job Pressure has handed a historic imaginative and prescient plan to show the BMT into a contemporary, maritime port and create a vibrant, mixed-use neighborhood alongside the Brooklyn waterfront. With a $65 million State funding to help housing development and construct a future chilly storage facility on-site — a complete funding of $410 million made potential by metropolis, state and federal governments — the proposal will remodel the dilapidated marine terminal right into a 60-acre, all-electric maritime port that may, as soon as once more, function a key financial driver for the neighborhood. Along with a revitalized port, the plan handed as we speak will even create 6,000 new houses — together with 2,400 permanently-affordable items — in addition to 28 acres of public house, 275,000 sq. ft of business house, 250,000 sq. ft of neighborhood facility house, and 225,000 sq. ft of light-industrial and industrial house. The plan, which covers a complete of 122 acres, will even ship important resiliency and infrastructure upgrades for the world whereas producing an estimated $18 billion in financial influence, 37,000 momentary development jobs, and a pair of,000 everlasting jobs. The Imaginative and prescient Plan adopted by the BMT Job Pressure serves as the inspiration for all future investments and redevelopment at BMT.

“This daring, $3.5 billion imaginative and prescient will remodel the Brooklyn Marine Terminal into a contemporary, all-electric maritime hub and a thriving new neighborhood — delivering good-paying jobs, reasonably priced houses, and public facilities for generations to return,” Governor Hochul stated. “New York state is proud to face with the Metropolis to make this once-in-a-generation funding in our waterfront, our financial system, and our communities. Collectively, we’re proving that development, resiliency, and fairness can go hand in hand.”

New York Metropolis Mayor Eric Adams stated, “Right this moment, our metropolis took a large step in direction of the longer term. By approving this $3.5 billion imaginative and prescient plan, we’ll flip a crumbling marine terminal into a contemporary maritime port whereas creating hundreds of reasonably priced houses and tens of hundreds of good-paying jobs. We’ll ship the open house our metropolis wants and maintain New York on the entrance of the inexperienced financial system. For years, naysayers have informed us that the times of massive concepts and daring initiatives have been over, however New York Metropolis is proving them flawed. We’re turning our waterfront right into a ‘Harbor of the Future’ and unlocking alternative for generations to return. Once I got here into workplace, I promised to ‘Get Stuff Completed,’ and, as we speak, we’re doing it in a giant method. Thanks to all of the members of the BMT Job Pressure who took their accountability critically and to all of the neighborhood members and consultants who weighed in alongside the best way.”

Consultant Dan Goldman stated, “For the primary time in two generations, the Brooklyn Marine Terminal is on monitor to as soon as once more change into an important and vibrant financial, maritime, environmental, and neighborhood asset. For many years, the port and surrounding space was allowed to fall into disrepair, and each try and revitalize it failed. Right this moment, we’ve taken a really historic step ahead in lastly realizing a plan that can save, modernize and increase the port, create an industrial and industrial hub for the longer term, tackle local weather change and spearhead the blue freeway, join our neighborhoods to the waterfront, and construct hundreds of reasonably priced houses to sort out the housing disaster. I’m grateful for the time, vitality and energy spent by all Job Pressure members, no matter how they voted, and I’m grateful that this community-centered mission was capable of obtain a lot for thus many. I stay up for persevering with to work with my colleagues, the Metropolis, State and EDC to construct a brighter future for the Brooklyn waterfront.”

Empire State Improvement President, CEO and Commissioner Hope Knight stated, “Right this moment marks a milestone within the transformation of long-underutilized public land right into a hub of alternative and inclusive development. Empire State Improvement is proud to associate with the Metropolis on this once-in-a-generation mission that can catalyze financial improvement, increase reasonably priced housing, and create a extra resilient, linked, and vibrant waterfront. We stay up for working intently with the neighborhood all through the Basic Mission Plan course of to deliver this daring imaginative and prescient to life.”

Housing, Financial Improvement, and Workforce Deputy Mayor Adolfo Carrion, Jr. stated, “Right this moment is a historic day for New York Metropolis. The Brooklyn Marine Terminal Job Pressure, which is comprised of metropolis, state, and federal elected officers, and representatives starting from native neighborhoods to regional companies, voted to advance the $3.5 billion vision-plan to create a contemporary, all-electric 60-acre port and mixed-use neighborhood with 6,000 items of housing within the coronary heart of the ‘Harbor of the Future. I admire and thank all BMT Job Pressure members for his or her onerous work on the planning course of over the previous yr and stay up for the primary ribbon reducing on the BMT website in just some quick years.”

NYCEDC President and CEO Andrew Kimball stated, “The passing of the Brooklyn Marine Terminal Imaginative and prescient Plan is a historic, transformative funding in New York Metropolis’s financial future — unlocking hundreds of jobs, modernizing vital infrastructure, and making a resilient, mixed-use waterfront that drives inclusive development. This plan positions town as a nationwide chief in maritime innovation whereas delivering lasting advantages to the Crimson Hook neighborhood and past. I want to lengthen my deepest gratitude to your entire job pressure for his or her steadfast dedication to working with NYCEDC to create this monumental imaginative and prescient.”

State Senator Andrew Gounardes stated, “For many years, the Brooklyn Marine Terminal has been allowed to decay and change into a barrier between our communities and the waterfront. Now, we’ve a novel likelihood to remodel the terminal into one thing that truly meets our wants: a mixed-use neighborhood with a modernized port, new parks, industrial and neighborhood house, and hundreds of recent reasonably priced houses. It is a complicated mission with quite a lot of totally different stakeholders, and this imaginative and prescient plan displays the various good concepts and tough selections generated by the Job Pressure course of. If we’re critical about making a metropolis that works for all of us, we have to really get issues accomplished. This plan is a vital step in doing simply that.”

The BMT Imaginative and prescient Plan handed as we speak will remodel a crumbling marine terminal into a contemporary, all-electric port whereas creating hundreds of houses and tens of hundreds of recent jobs.

The BMT Task Force — which is chaired by U.S. Consultant Dan Goldman and co-chaired by New York State Senator Andrew Gounardes and New York Metropolis Councilmember Alexa Avilés — is comprised of wide selection of consultants, together with federal, state, and native elected officers, the area people board, native resident organizations, maritime and industrial stakeholders, unions, planning and environmental justice organizations, and representatives of the native enterprise neighborhood. The BMT Job Pressure voted in favor of a Imaginative and prescient Plan that creates a high-level framework in 9 distinct areas:

• Port: Underneath the plan, the BMT shall be reworked right into a 60-acre fashionable and sustainable all-electric port with a brand new marginal pier to advertise water-to-water freight, take away vehicles from native streets and New York Metropolis roadways, and function a key node within the Adams administration’s Blue Highways initiative to maneuver extra items alongside town’s waterways.
• Reasonably priced Housing: The plan will ship 6,000 housing items on the positioning, with 40 p.c, or 2,400 items, completely reasonably priced at a median of 60 p.c of the Space Median Revenue. A complete of 200 reasonably priced items shall be reserved on-site for New York Metropolis Housing Authority (NYCHA) Crimson Hook Homes East and West residents. Moreover, a $75 million fund to protect or create reasonably priced items off-site in Group Board 6 shall be created, and $200 million shall be allotted to NYCHA Crimson Hook Homes East and West.
• Atlantic Basin: The Brooklyn Cruise Terminal will even be redeveloped with new public open house, industrial and industrial house, and a 400-key resort, reworking the world round Pier 11 and Pier 12 into a beautiful waterfront vacation spot district open to the neighborhood.
• Industrial: The plan will create over 275,000 sq. ft of business house out there at discounted rents, greater than 275,000 sq. ft of business house throughout the positioning to enliven and help neighborhood retail corridors, and a $10 million improvement fund to help the commercial sector throughout the broader neighborhood.
• Schooling and Workforce: The plan promotes a complete workforce technique, together with a Mission Labor Settlement; focused neighborhood hiring; a devoted world-class experiential studying heart at Pier 11; and funding to ascertain an financial mobility community in Crimson Hook and a maritime profession readiness program for residents of NYCHA Crimson Hook Homes East and Crimson Hook Homes West. Over 250,000 sq. ft of neighborhood amenities and cultural house, together with house for a brand new public faculty at BMT North will even be included.
• Open House: The imaginative and prescient plan contains 28 acres of public open house and roughly one mile of recent public waterfront entry and greenway.
• Resiliency: The plan requires a complete resiliency technique, together with a raised website to guard towards future sea stage rise, a floodwall designed to resist a 2,100, 100-year storm, and on-site stormwater administration.
• Connectivity and Transit: The plan places pedestrians and public transit first, prioritizing pedestrian mobility whereas additionally bettering bus speeds to rider locations and decreasing truck site visitors. It can embody pedestrianized streets, no parking maximums, district-wide garages, micromobility and freight hubs, bus precedence lanes, elevated ferry providers, a $50 million dedication for electrical shuttle service as a bridge in direction of the Metropolitan Transportation Authority evaluating the restoration of historic bus service such because the B71, or establishing enhanced and/or new bus service for improved intra and inter-neighborhood mobility.
• Governance and Implementation: The plan will create a brand new authorized entity — the Brooklyn Marine Terminal Improvement Company (BMTDC) — to understand the imaginative and prescient plan, guarantee improvement is financially viable and self-sustaining, and implement a phased redevelopment delivering neighborhood advantages in partnership with the mixed-use improvement. The board of the BMTDC will embody illustration from the area people, corresponding to NYCHA Crimson Hook East and West, in addition to maritime and industrial experience.

Within the coming weeks, NYCEDC will kind a Brooklyn Marine Terminal Advisory Job Pressure to information the mission by way of environmental assessment and improvement of a Basic Mission Plan. NYCEDC will proceed participating with the neighborhood and this new job pressure to refine the specifics of the positioning plan, in the end main as much as NYCEDC’s launch of a draft Environmental Influence Assertion and Empire State Improvement’s adoption of a draft Basic Mission Plan in 2026. NYCEDC is aiming to launch the primary request for proposal for a long-term port operator by the tip of 2026.

Governor Hochul has remained dedicated to financial and housing development in New York Metropolis, particularly in Brooklyn.

• In Might 2024, Governor Hochul announced a $15 million dedication for a future chilly storage facility on-site. The dearth of chilly storage in Crimson Hook has contributed to site visitors, air pollution, and different quality-of-life issues as perishable merchandise is transported out and in of Brooklyn. This funding builds on the Governor’s long-term agenda to enhance the standard of life in Brooklyn and in New York Metropolis.
• In June 2025, Governor Hochul announced that Queen One, Inc., a visionary commerce expertise firm, will set up its new headquarters at 25 Kent Avenue in Williamsburg, Brooklyn, below a 10-year lease settlement. The 30,000-square-foot facility represents greater than $10 million in capital funding and is anticipated to create 600 full-time, high-tech jobs whereas producing $67 million in analysis and improvement funding over the following 5 years as the corporate builds its next-generation e-commerce platform. Supported by $6 million in performance-based Excelsior Jobs Program tax credit from Empire State Improvement, this headquarters marks a significant step ahead in advancing New York’s management in innovation, job creation and the digital financial system.

• In July 2025, Governor Hochul announced that development is underway at Revolutionary City Village Part 1A, a 385-unit reasonably priced housing improvement with industrial house for a recent meals grocery retailer within the East New York neighborhood of Brooklyn. The $270 million mission is a part of the great redevelopment of the Christian Cultural Middle’s campus. The FY25 and FY26 Enacted Budgets additionally strengthened the Governor’s Professional-Housing Group Program — which permits licensed localities unique entry to as much as $750 million in discretionary State funding. At the moment, greater than 300 communities have obtained Professional-Housing certification, together with town of New York.