“The high volume of affordable housing production achieved during the Koch era was the result of robust public-private partnerships. A collaborative approach is even more important today since city government has little inventory of cheap land and construction costs have skyrocketed. While it was not explicit in the Mayor’s speech, I trust his administration understands that forging partnerships with the development and financial industries is the only way to accomplish his housing goals. In terms of other plans outlined today, the five borough ferry system and acceleration of bus rapid transit are transit improvements that the Partnership has long recommended and we heartily endorse.”
About the Partnership for New York City:
The Partnership for New York City’s mission is to engage the business community in efforts to advance the economy of New York City and maintain the city’s position as the center of world commerce, finance and innovation. Through the Partnership Fund for New York City, the Partnership contributes directly to projects that create jobs, improve economically distressed communities and stimulate new business creation.