Borough President Diaz Releases Annual Development Report
Highlights Over $7.2 Billion in Total Bronx Development Since 2009
Bronx Borough President Ruben Diaz Jr. has issued his annual development report, highlighting the total development seen in The Bronx since he first took office in 2009.
The report notes that, in total, The Bronx has seen more than $7.212 billion in total development in all categories since 2009, when Borough President Diaz first took office. In 2014 alone, The Bronx saw over $1.13 billion in new development.
The report follows last week’s “State of the Borough” address, in which Borough President Diaz outlined his continued vision for the ongoing growth of the borough’s economy.
“The Bronx continues to grow stronger and stronger each year, as we create new jobs, build new housing and improve quality of life in the borough,” said Borough President Diaz. “We will continue to attract the type of investors that want to help The Bronx flourish and reach its full potential.”
The report notes other development highlights from 2014, including a total of $788 million in residential development, $483 million in institutional development and $134 million in commercial development across the borough.
“This is truly an exciting time to visit, work, live and do business in The Bronx. Since 2009, our borough has seen a transformation, with more than $7 billion invested on improving the quality of life of all Bronxites, building more and better affordable housing units, greener business infrastructure and creating thousands of new jobs,” said Marlene Cintron, President of the Bronx Overall Economic Development Corporation.
“We are witnessing an influx of people returning to their roots in The Bronx. It is a great time to invest in our borough – build it and they will come,” said Lenny Caro, President & CEO, Bronx Chamber of Commerce.
To read the complete report, visit http://on.nyc.gov/1Ee3Udk.