Powerful stimulus for the Seaport and city.
An Economic Engine for NYC
As New York City begins its recovery from the pandemic, a wide range of civic and community leaders recognize the need for ambitious, forward-thinking economic development. Our plan creates new jobs while helping sustain existing ones in the Seaport. It improves access to the neighborhood, helping visitors find their way to local businesses. Together, the benefits of our proposal spur over $1.0 billion of economic stimulus – crucial help for our neighborhood and New York City.
The jobs we need
Powered by the new mixed-income development at 250 Water Street, our plan generates over 1,000 construction jobs in New York City over a three-year period. The plan is estimated to generate $1.0 Billion in economic output for New York City, along with $527 million in wages, salaries, and benefits during the construction period, bringing security to New Yorkers when they need it most. Additionally, 2,150 direct and indirect permanent jobs will be created across the commercial, retail, and nonprofit sectors once the building is open.
1,500+Jobs for New Yorkers
Across three years of construction, our plan gets people back to work.
Our proposal helps sustain existing jobs while creating nearly 2,500 new, permanent positions.
Wages, salaries, and benefits are an essential ingredient of our plan’s approach to supporting working families and powering our economy.
Rebuilding our local economy
A revitalized Seaport Museum
The plan also unlocks further, significant investment and economic activity in the Seaport.
A revitalized South Street Seaport Museum will invite audiences to discover the area’s unique character and history.
See more about our vision for a brighter future for the Seaport
Discover our plans to turn a surface parking lot into a new mixed-income development that delivers essential benefits to the Seaport.
Our proposal establishes significant funding to revitalize and reopen the South Street Seaport Museum.
We’re showing our commitment to this special neighborhood every day. Explore how we’ve welcomed input, and what we’ve contributed to the Seaport already.