Exercise1:AreaDevelopmentModel|BatteryParkCity|NewYork
Battery Park City, New York
Area Development Model : Special Purpose District
Vision
Well-balanced community & Community renewal
Adaptable & sustainable quality design
About
Just over forty years ago, the land upon which the Battery Park City neighbourhood was built didn’t even exist. This built-from-scratch planned community developed by Cooper Robertson in the 1970s and built upon landfill created with dirt and rock from Manhattan excavation sites like that of the original World Trade Center. The neighbourhood now boasts residential buildings, one of the largest public parks in New York City, and world class retail and commercial spaces.
Battery Park City Area : 0.39 km²
Cost & Revenue
Total cost of Infrastructure or development: • 1979 Spending cost: $115 M • 2018 Resiliency cost: $300 M Revenues: Generation p.a.: $100 M Sources of Revenues: •Leasing and subleasing of individual parcels •Bank Deposits, Investments, Rents and Other Receivables
4
•Bond Resolution Restricted Assets •Project Assets •Current and Non-current Assets •Liabilities
Financial Plan Operating Budget
Capital Budget
Revenue
Expenditure
Operating
Non-operating
