New York City to restart $17B of capital construction projects

New York City Mayor Bill de Blasio announced this week that the city is restarting $17 billion of capital construction projects as part of its pandemic recovery effort. During a press conference, De Blasio’s recently appointed Senior Advisor for Recovery Lorraine Grillo said 1,700 construction projects will be given the green light by the end of March. Applauding the de Blasio administration’s decision was Carlo A. Scissura, president and CEO of the New York Building Congress. Resuming work on the $17 billion initiative, he said in a press release, is an acknowledgment of the key role that the construction industry will have in New York City’s recovery. Grillo said the renewed construction efforts will be a shot in the arm for the city and its residents. “This is exactly what’s needed to bring this city back and make this a recovery for all of us,” she said.

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