Kingsbridge Armory to Receive $2 Million Grant for Redevelopment
City Council Approves Funding for Historic Landmark
On Thursday, the city council approved a land use resolution backing the New York City Economic Development Corporation’s (NYCEDC) application for a $2 million grant to redevelop the Kingsbridge Armory. The grant, part of Empire State Development’s Restore NY program, aims to restore deteriorating buildings to revitalize neighborhoods.
A Monumental Task Ahead
The Kingsbridge Armory, which has been mostly vacant since 1996, is a massive structure that stands 11 stories tall and three football fields deep. Built in 1917 as a military facility and designated a historic landmark in the 1970s, much of the armory remains in its original condition—although in disrepair. Bringing the building up to code alone would be a costly endeavor, according to NYCEDC officials.
Challenges Ahead
The armory needs significant updates to plumbing and electrical systems, fire safety systems, a new roof, and new windows. Environmental reports from the late aughts showed hazardous materials on the site, including fuel tanks, asbestos, and lead-based paint, which would need to be removed.
Securing Funding
The armory redevelopment has already secured over $200 million in pledged funding from the city and state to support various proposals for repurposing the space. However, NYCEDC estimates that redeveloping the huge, over-100-year-old landmark could cost more than double that after decades of neglect.
A Clear Vision
The ‘Together for Kingsbridge Vision Plan’ serves as a set of guiding principles rather than a detailed blueprint for repurposing the defunct military hub. Over the course of nine months, NYCEDC collaborated with community stakeholders to identify priorities for the space, providing developers with a clearer understanding of the neighborhood’s needs and aspirations.
Next Steps
NYCEDC representatives are currently reviewing proposals from developers and promised to announce a partnership in the coming weeks. Council Member Pierina Ana Sanchez, who represents the Kingsbridge neighborhood, stated that the financial commitments for the project provide the strongest financial foundation yet for such a monumental undertaking.
Conclusion
The $2 million grant marks a significant step forward in the redevelopment of the Kingsbridge Armory. While the task ahead is monumental, the potential rewards are substantial. With a clear vision and a strong financial foundation, the city can revitalize this historic landmark and unlock its potential as an economic engine for the neighborhood.
FAQs
Q: What is the purpose of the $2 million grant?
A: The grant is part of Empire State Development’s Restore NY program, aimed at restoring deteriorating buildings to revitalize neighborhoods.
Q: How much funding has been pledged for the armory redevelopment?
A: Over $200 million in pledged funding from the city and state has been secured to support various proposals for repurposing the space.
Q: What are the next steps for the project?
A: NYCEDC representatives are currently reviewing proposals from developers and promised to announce a partnership in the coming weeks.
Q: What is the ‘Together for Kingsbridge Vision Plan’?
A: The ‘Together for Kingsbridge Vision Plan’ is a set of guiding principles for repurposing the armory, developed through collaboration with community stakeholders.
