More results found.
No results match your search term, but we're constantly adding new issuers to the BondLink platform. Looking to learn more?
Learn about BPCA Investor Relations, including Featured News, Capital Projects, Executive Team, Executive Board, and Resiliency & Sustainability.
The Hugh L. Carey Battery Park City Authority (the “Authority”) is a public benefit corporation created in 1968 by the New York State Legislature to be responsible for planning, developing and maintaining the residential, commercial, parks and open space located along the Hudson River in Lower Manhattan in New York City (the “City”). Home to 16,000 people, the work place of 40,000 more, and visited by more than a half-million people each year, New York’s Battery Park City is an asset to both the State and City.
According to the Battery Park City Master Plan of 1979, Battery Park City was envisioned not to be a self-contained community, but rather a neighborhood woven into our city’s fabric. Through its contributions, the Authority is deeply committed to the mission of providing resources for the good of neighborhoods across the five boroughs.
Battery Park City Authority has a long history of environmental leadership. Since its inception, the parks and open spaces in Battery Park City were designed with environmental quality as a priority. In the early 2000s, the Authority released environmental guidelines for residential buildings and commercial buildings, leading to the development of buildings that were well ahead of city, and even global standards at the time. The BPC Sustainability Plan, released in 2020, builds on Battery Park City’s robust environmental legacy with a refreshed commitment to take and facilitate bold and effective action to enhance sustainability and reduce greenhouse gas (GHG) emissions. The Board and management of the Authority remains committed to encouraging and pursuing resiliency and environmental sustainability among its top priorities.
Through its layout and geographic orientation, Battery Park City is an intentionally knitted extension of the City’s streets and blocks. The names of streets heading east and west are purposely the same as those on the opposite side of West Street. Battery Park City was never considered an addition to New York City, but rather, a continuation of this dynamic City’s development into the 21st century.
Authority Reviews Updated Plans for Resiliency Measures
More than 200 Lower Manhattan residents turned out on June 26, when the Battery Park City Authority (BPCA) hosted a public meeting about its North/West Battery Park City Resiliency Project. The session reviewed the most recent design developments for protective measures along the Esplanade (and extending into Tribeca) to address risks associated with storm surge and sea level rise. These plans are now approximately 30 percent complete.
With early budget estimates pegging construction costs at approximately $630 million, the Authority’s plans for resiliency divide the scope of the project into seven “reaches”—discrete stretches of waterfront and adjacent upland acreage.
Reach One falls entirely outside Battery Park City, enveloping part of Tribeca, along with the Borough of Manhattan Community College (BMCC) and the Hudson River Park south of North Moore Street. Here, the flood barrier system will be comprised of both passive and deployable structures that “tie‐back” to higher ground at Greenwich Street. In this area, the BPCA’s design team has settled on a flood wall that aligns with buildings on the southern edge of North Moore Street, before hooking to the left and hugging the facade of BMCC as far as Harrison Street. At the intersection of Harrison and West Streets, the flood barrier will cross into Hudson River Park and run between the bike and pedestrian paths toward Stuyvesant High School.
Reach Two encompasses the North Esplanade behind Stuyvesant High School. In this section, a passive flood protection structure will be concealed within a terraced garden landscape, with a new platform built three feet higher than the current elevation and extending further into the water in an undulating “wave” shape.
Reach Three aims to protect Rockefeller Park and its adjacent stretch of the Esplanade to Vesey Street. “We focused on what we think is the most efficient option, which is basically to work with the elevation that River Terrace currently has, and see if we can integrate the flood wall into that retaining wall, so that what we’re building is less changed,” explained Peter Glus of the design and engineering firm Arcadis, and leader of the BPCA’s design team.
In this zone, no new wall is needed between Chambers and Warren Streets, as flood protection is gained by the existing wall along the River Terrace sidewalk. Additions to the existing wall south of Warren Street will increase to a height of 4.75 feet at the Rockefeller Park playground. This design envisions minimal impacts on the Rockefeller Park lawns (although they will have to be closed temporarily to add new drainage equipment under the grass), but will add deployable gates at the ends of the streets intersecting with River Terrace. The basketball courts will be resurfaced and realigned. Concerns voiced by residents about earlier versions of the Reach Three plan have been addressed by a new design that keeps the existing lily pond intact at its current location. Behind the lily pond, the flood wall tapers to a height of three feet. The playground adjacent to the lily pond will be partially rebuilt.
Belvedere Plaza is encircled by Reach Four, between Vesey Street and the uptown side of North Cove Marina. In this catchment, another point of controversy has been addressed by a new design that calls for the ferry terminal to remain in its current location. “We heard a lot of feedback about the terminal,” Mr. Glus acknowledged, “about whether to move it south, whether to move it north. What the design team has tried to do is work with the ferry terminal in place without moving it, because we recognize that movement would exacerbate some of the issues that some of the community is experiencing.”
Reach Five envisions ways to harden North Cove Marina against catastrophic flooding with a four-foot flood barrier that will be integrated into new features, such as benches and planters. At the edge of Pump House Park (see rendering above), this wall will reach a height of seven feet. Within Kowsky Plaza, it will scale back to 6.5 feet, while hewing to the wall of Gateway Plaza.
In Reach Six, upgrades to the South Esplanade between Liberty Street and Third Place consist of a passive structure following the existing masonry privacy wall near the residential buildings. This wall will top out at 7.5 feet, and will be supplemented with deployable structures at Albany Street, Rector Place, and West Thames Street, anchored to walls on either side of each street that narrow pedestrian access to the Esplanade.
And Reach Seven covers South Cove, where a wall six feet high will be installed along the southern edge of the Regatta condominium, scaling back to 4.5 feet as it traces the western edges of the Riverwatch and South Cove buildings. Deployable barriers will be installed where the Esplanade meets Third, Second, and First Places.
The BPCA and its design team expect to refine these plans further, reaching a threshold of 60 percent design completion by the spring of 2024, with final designs circulated late next year or early in 2025. Construction is expected to begin in 2025 and continue through 2028.
After the June 26 meeting, BPCA executive Gwen Dawson said the session “provided essential community feedback. We invite everyone to keep the conversation going by using our online tool to review the design materials and submit your thoughts over the coming weeks. We also look forward to scheduling a range of additional public sessions this fall.”
The public is invited to contribute reactions and questions about the design process for the North/West Battery Park City Resiliency Project online at dotstorming.com/b/6495d64c2fb42805abf9ece3. Comments will be accepted through the end of September.
" The state budget approved last month gave the Battery Park City Authority the ability to raise an additional $1 billion in funding for resiliency projects ... "
Click the link below for additional information.
The Battery Park City Authority has continued to implement the BPC Sustainability Plan and elevate sustainability in the neighborhood since the plan’s launch in 2020. Developed in consultation with a broad range of residential, local, and governmental stakeholders, the BPC Sustainability Plan provides the framework for developing and implementing a carbon neutral Battery Park City by the middle of the century through achievement of progressive sustainability targets through 2030, and lays the groundwork for continued sustainability action thereafter.
As BPCA celebrates Earth Day 2023 with a weeklong lineup of free public programming, we also mark our progress across the Plan’s four topic areas: Energy, Water, Materials & Waste, and Site.
– **Climate Action Plan: **Released in April 2022, Battery Park City’s Climate Action Plan (CAP) focuses on the climate mitigation potential of BPC sustainability actions, quantifying and mapping greenhouse gas (GHG) reductions between now and 2050. CAP provides a high-level roadmap for Battery Park City to successfully achieve a carbon neutral neighborhood, where GHG emissions are net-zero over the course of a year with deep reductions and carbon offsets, as needed. GHG emissions reduction strategies in the energy, transportation, and waste sectors were modeled through 2050.
– Measure It To Manage It: The City of New York is targeting an 80% reduction in GHG emissions by 2050. In Battery Park City our goal is even more ambitious – carbon neutrality by the middle of the century. The Authority tracks and monitors its progress against this goal, and its 2020 and 2021 GHG inventory – for both its own operations and Battery Park City overall – can be found here.
– **Energy Audits: **The Authority set energy reduction goals for its own spaces in the BPC Sustainability Plan. In pursuit of those goals, BPCA completed ASHRAE Level II energy audits of its 75 Battery Place facility and 200 Liberty Street office space in 2022. The purpose of these audits was to determine potential energy conservation measures (ECMs) that can be implemented to reduce annual energy consumption and energy costs. The audits also included a lifecycle cost analysis to inform future decision making about the total cost and savings of the ECMs.
– **Replacing Gas-Powered Equipment: **As tools and equipment near the end of their useful life, BPCA’s Parks Operations team has transitioned to electric equipment options when possible. In 2022, a selection of gas powered equipment was replaced by electric snow blowers, an electric weed trimmer, electric leaf blowers, and an electric powered water pump. Moving forward, electric and/or zero-emissions equipment will always be assessed and reviewed for future equipment needs.
– **Energy & Sustainability Resources: **BPCA enhanced its role as a valuable facilitator of sustainability information in 2022. A “Sustainability Resources” section was added to the monthly BPC newsletter in 2022, which since launch has included information on service providers, educational, and financing opportunities items like New York State Energy Research and Development Authority grant opportunities, webinar sessions on LL97 and energy benchmarking hosted by the City, and rebate programs from Con Ed. In addition, the Authority collects and curates energy efficiency, building operations, energy retrofit, and technical and financial support opportunities, and shares this information with building management firms across Battery Park City.
Read more about the BPCA’s past work in this topic area: Energy.
– BPC Ball Fields Resiliency: Resiliency measures at the BPC Ball Fields and Community Center were completed in 2022. The project entailed construction of an approximately 800-linear foot flood protection system along the fields’ perimeter to protecting the 80,000 square foot playing surface – used by some 50,000 local youth annually – and adjacent community center from the risks associated with storm surge and sea level rise. See more about this work here.
– Permeable Paver Pilot: In line with the actions and goals laid out in the BPC Sustainability Plan, the Authority’s permeable paver pilot project aims to make the neighborhood’s stormwater infrastructure and management more resilient. The project will replace existing impermeable pavement with permeable ones in selected areas in BPC. Permeable pavers allow stormwater to infiltrate into the park’s soil profile and help mitigate run-off. The pilot will assess the permeable pavement’s efficacy in reducing stormwater runoff, mitigate water accumulation, and decrease existing pooling of water after storms have passed. The initiative will also assess the ease of procurement and installation, purchase price, and ongoing maintenance costs of each of the permeable paver options. As of April 2023, installation at two of the four pilot locations is complete – one at the top of South Cove (look for the light colored pavers by the cul-de-sac at South End Avenue), and on the South Esplanade, near The Upper Room.
– **Snow/Ice Removal: **Parks Operations uses Magic Salt Ice Melt for sidewalks and pathways in BPC in the winter months. Magic Salt is a blend of salt and leftover mash from alcohol distilleries and is more environmentally friendly than traditional salt, having a low corrosion value and releasing fewer chlorides into the landscape and stormwater. Learn more about the Authority’s leading snow and ice removal practices here.
Read more about the BPCA’s past work in this topic area: Water.
MATERIALS & WASTE
– **Recycling Expansion: **In 2022, the Authority executed on a key waste diversion action from the BPC Sustainability Plan – “Expanding recycling and composting activities through additional infrastructure, education, and training.” More than 100 blue recycling cans were added to Battery Park City’s park space in 2022, expanding recycling into the open space for the first time. This new recycling infrastructure, combined with recycling education for BPCA staff and the neighborhood, sets the stage for Battery Park City to significantly reduce its landfill numbers.
– **Zero-Waste Open Space and Operations Certification Year: **Building on the momentum of BPCA’s Zero Waste Gold certification for our 75 Battery Place facility, the Authority set a new goal of zero waste open spaces and operations in 2021. While 2021 served as the baseline year, Fiscal Year 2022 served as the certification year for this goal. Throughout 2022, multiple waste audits were performed of park and street trash. In addition to the waste audits, daily weighing and the review of historical waste data has informed the baseline and future measures for achieving zero waste park space. Moving forward, the results of these audits and insights from BPCA’s Zero Waste Advisory Committee will inform the strategy for educating Authority staff and the broader BPC community so that all can play a role in achieving this goal.
– **Resource Reduction & Salvage: **Parks Operations continues to identify creative opportunities to salvage and reuse materials in its daily operations; these opportunities can often then inform the Authority’s future purchasing decisions. For example, the set design for the Giuletta e Romeo opera last summer reused more than 40 park bench slats. Plexiglas salvaged from BPCA’s 200 Liberty Street offices has been used for windshields of electric carts. As part of the South Battery Park City Resiliency Project, our Horticulture division facilitated plant salvage opportunity for other State and City parks. BPCA regularly reaches out to vendors to create or utilize opportunities for “take-back” programs, repurposes items often sent to landfill, and works with vendors that can help recycle items that are considered “hard to recycle.” Taken together, these are the strategies that BPCA will use to reduce the amount sent to the landfill and change the mindset about waste in Battery Park City.
– **BPCA Procurement Guidelines: **The purchasing and procurement of materials by BPCA is a key place to include sustainability in decision-making and reduce waste. Sustainability guidance was added to the Procurement Guidelines in 2021, and it has become a regular practice to annually review the language included in the Authority’s Procurement Guidelines to ensure best practices are included for greener procurement.
– **Organics Collection & Composting: **BPCA continues its robust composting program, composting more than 75,247 lbs. in 2022. As just one example, composting was provided at BPCA’s Swedish Midsummer Festival in June 2022, one of the largest annual events. Over 92 lbs. of food waste was composted and diverted from the landfill as a result.
– **Dog waste composting expansion: **Battery Park City’s dog waste compost program, first launched in September 2019, the Authority has collected more than 5,700 lbs. of dog waste – creating nearly 7,000 lbs. of compost – with the first two fully-tested and cured dog waste compost applied along the West Street / Route 9A median in January 2022. Later that year, BPCA installed a new drop-off location on the BPC Esplanade, just south of Esplanade Plaza, to make participating in this program easier than ever. The Authority is now collecting between 15-25 lbs. of dog waste daily from our three dog runs and new collection bins along the BPC Esplanade.
Read more about the BPCA’s past work in this topic area: Materials & Waste.
– **Biodiversity & Habitats: **Expanding and enhancing existing ecological habitats is a goal outlined in both our Resilience Action Plan (the Authority’s first-ever strategic plan) and the BPC Sustainability Plan. By increasing biodiversity where appropriate across Battery Park City, the Authority will improve habitat resilience to different climatic conditions, improve their ecological health, and provide and support broader ecosystem services. BPCA uses the iNaturalist platform for documenting biodiversity in the neighborhood along with citizen scientists from across the city. With iNaturalist and stand-alone wildlife inventories, the Authority can better monitor and track birds, insects/pollinators, and other wildlife in BPC. A Kestrel box was installed in Rockefeller Park this summer, providing a place to build a nest and/or rest during migration, and recent creation of 10 “bee hotels” tucked away across our parks allows these buzzing buddies to safely nest and lay eggs.
– **New York State Birding Trail: **With more than 100 species of bird identified as living in or passing through Battery Park City, the neighborhood is a biodiversity haven across its 36 acres of parks and public space. Last October, Battery Park City was officially welcomed as part of the New York State Birding Trail, which highlights world-class birding opportunities across the state. The trail provides information on places anyone can go to find birds amid beautiful settings.
– Tree Power Program: During the autumn 2022 planting season, BPCA participated in the New York Power Authority’s Tree Power Program for the second consecutive year. The Authority planted 18 trees, which will store 491 lbs. of CO2 equivalents annually. All the trees selected are native to New York State, and provide particular value to birds, butterflies and moths, beneficial insects, and other wildlife.
Read more about the BPCA’s past work in this topic area: Site.
Martha is a senior executive with over 30 years of experience at some of the world’s largest and most complex global financial institutions. She is a strategic leader, problem solver and collaborator. In her latest role at AIG she served as
Executive Vice President and Chief Information Officer, leading technology strategy and operations worldwide. Martha joined AIG in 2015 as Chief Auditor, where she transformed the Audit operating model by promoting more active stakeholder engagement during global change initiatives, and set up an organization with a proven track record of delivering measurable, sustainable results that drive business performance. Prior to AIG, Martha spent three decades at JPMorgan, where she drove the creation and execution of strategies to transform disparate teams and infrastructures to achieve simplified and high-performing outcomes in audit, compliance, credi
t risk, technology and operations. She also played a leadership role in all of the merger and integration efforts that are now part of the JPMorgan Chase operating platform. Martha is a graduate of Cornell University, with a B.S. in Human Development and Family Studies and a M.B.A. in Accounting and Finance. Martha has a longstanding commitment, both personally and professionally, to the advancement of women and girls and serves as Board Co-Chair of the Women’s Refugee Commission. She believes passionately that women’s contributions play a critical role in the community, business and government.
For more information about our executive board, their schedule & past meetings please use the link below.