Cuomo announces $306B infrastructure plan for New York

New York Gov. Andrew Cuomo has announced a $306 billion spending plan as part of his 2021 infrastructure agenda. In what Cuomo called “the largest, most ambitious plan put forward by any state in the nation,” the initiative will focus on a $51 billion transit-oriented redevelopment of Manhattan’s Midtown West area and the continued modernization of New York airports and transportation. The plan, said Carlo Scissura, president and CEO of the NYBC is “the forward-thinking investment” needed to help New York rebound from the challenges posed by the pandemic. Likewise, Lou Coletti, president and CEO of the BTEA, said that the projects included in the infrastructure initiative will “jumpstart the economy and create good middle-class jobs.”

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