New investments in public space, good jobs, housing around Broadway Junction
Economic impact expected to exceed $11.6B, along with 2,300 new jobs
EAST NEW YORK — The mayor’s office and other city agencies announced on Tuesday a major public investment in the area around the Broadway Junction subway station in Brooklyn that will deliver vibrant public space, improve quality of life, create family-sustaining jobs, and unlock inclusive economic growth throughout East New York.
Driving the plan is a $500 million public investment in the community, including $400 million from the Metropolitan Transportation Authority (MTA) for accessibility upgrades at the Broadway Junction station complex, part of ongoing efforts to make the station a true regional transit center. The remainder is a $95 million city investment to activate underutilized public spaces around the subway complex; improve street safety for pedestrians, cyclists, and all road users; and create approximately one acre of new open space.
These investments build on a series of steps the city and state have taken to bring economic opportunities, services, and amenities to this long-underserved community. With these new public commitments and planned private investments around the Broadway Junction complex, the city is expected to see over $11.6 billion in economic impact over the next 30 years, including opportunities for local businesses, nonprofits, and minority- and women-owned business enterprises (M/WBEs).