Borough President Diaz Releases Annual Development Report
Highlights Over $5.7 Billion in Total Bronx Development Since 2009
Today, Bronx Borough President Ruben Diaz Jr. released his annual development report, highlighting the total development seen in The Bronx not just during the past year, but since he first took office in 2009.
The report notes that, in total, The Bronx has seen $5.768 billion in total development in all categories since 2009, when Borough President Diaz first took office. In 2013 alone, The Bronx saw more than $894 million in new development. The report follows last week’s “State of the Borough” address, in which Borough President Diaz outlined his vision for the “New Bronx” and discussed the ongoing growth of the borough’s economy.
“The ‘New Bronx’ is more than just rhetoric, it’s a movement,” said Borough President Diaz. “Our borough is seeing unprecedented new levels of development, with major new projects on the horizon and even bigger ideas ready to take flight. That is the ‘New Bronx.’”
The report notes other development highlights from 2013, including a total of $601 million in residential development, $171 million in institutional development and $121 million in commercial development across the borough.
“The Bronx has come a long way and our Borough continues to flourish with new development. I am delighted that The Bronx is making its mark and this is thanks to the hard work of our Borough President who understands the importance of bringing new projects to help strengthen our economy and create jobs for our residents,” said Marlene Cintron, President of the Bronx Overall Economic Development Corporation.
“The Bronx will truly benefit from these developments generating much needed economic activity. These projects are responsible for commerce, job creation, and revenue for our great borough. The Bronx Chamber of Commerce would especially like to thank our great Borough President Ruben Diaz Jr., whose leadership has helped us advance the development and financial prosperity of the Bronx,” said Lenny Caro, President & CEO of the Bronx Chamber of Commerce.
“Working with partners like the Bronx Overall Economic Development Corporation, the New York City Economic Development Corporation, the Bronx Chamber of Commerce and others, my office will continue to implement its ‘New Bronx’ agenda, one that focuses on ‘planning with a purpose’ and responsible development,” said Borough President Diaz.
To read the complete report, visit http://on.nyc.gov/1pkMnYS.