A historic $3.5 billion redevelopment plan has been approved by New York City and state leaders to transform the Brooklyn Marine Terminal (BMT) into a modern, state-of-the-art port, reports Marine Insight.
This ambitious initiative aims to revitalize the 122-acre site along the Brooklyn waterfront, creating an all-electric maritime port and fostering a vibrant mixed-use community.
Massive $3.5B plan to modernize Port and boost Housing
The redevelopment plan includes the construction of a 60-acre, fully electric maritime port with advanced facilities designed to support sustainable shipping operations. In addition to upgrading the port, the project will deliver approximately 6,000 new homes, including over 2,400 permanently affordable units, addressing critical housing needs in the city. The plan also features 28 acres of new open and green spaces, providing enhanced recreational areas for the community and promoting environmental sustainability.
Beyond housing and green spaces, the redevelopment will include more than 275,000 square feet each of commercial and light-industrial space. These areas are intended to stimulate economic growth and create a wide range of job opportunities. Community facilities will also be developed, offering 250,000 square feet dedicated to local services and cultural activities, supporting the needs of the neighborhood.
Economically, the project is expected to generate more than $18 billion in activity, creating around 37,000 construction jobs and 2,000 permanent jobs across maritime, industrial, commercial, and residential sectors. To ensure long-term resilience, the plan incorporates substantial investments in flood protection and infrastructure upgrades to safeguard the area against climate change and natural disasters.
The approval came after careful review by a task force made up of local stakeholders, elected officials, and community representatives. The process involved extensive community engagement, including public workshops and meetings, to ensure the project aligns with the interests and concerns of Brooklyn residents.
Moving forward, the project will enter environmental review phases and develop a General Project Plan, with plans to issue the first request for proposals for a long-term port operator by the end of 2026. This transformative plan marks a significant step in revitalizing Brooklyn’s waterfront, boosting the local economy, and enhancing the quality of life for its residents.
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Source: Marine Insight
