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Welcome to the Battery Park City Authority ("BPCA") investor relations website. We appreciate your interest and investment in the bonds that allows BPCA to make critical investments in public infrastructure throughout Battery Park City. We are committed to maintaining our strong bond ratings and to being as transparent as possible with the investor community and public at large.
I hope that you find this website useful as you seek to better understand the credit fundamentals of BPCA. Please do not hesitate to contact our office with any questions or suggestions that you may have.
Thanks again for your interest in our bond program.
Pamela M. Frederick, Chief Financial Officer
For Immediate Release: September 20, 2019
Contact: Nick Sbordone (212) 417-3194
BATTERY PARK CITY AUTHORITY ANNOUNCES LINEUP OF PUBLIC EVENTS IN CELEBRATION OF NYC CLIMATE WEEK 2019
Programs Underscore Authority’s Recent Sustainability Efforts
__ Climate Week NYC runs from September 23-29__
In keeping with Battery Park City’s legacy of environmental leadership, and on the heels of climate change activist Greta Thunberg’s arrival in Battery Park City’s North Cove Marina, the Battery Park City Authority (BPCA) today announced its lineup of programs and events in celebration of Climate Week NYC 2019. Run by The Climate Group, an international non-profit focused on accelerating climate action, Climate Week NYC serves as showcase for climate action worldwide. Businesses, governments, academic institutions, arts organizations, individuals and non-profit organizations are invited to participate in the week-long events program, including panel discussions, concerts, exhibitions, seminars and more. For more information and a full schedule of events, visit: www.climateweeknyc.org/events-program.
“A half-century ago the Battery Park City Authority was created with a mission of renewal, transforming the dilapidated lower west side waterfront into a haven of green space and sustainable development,” said BPCA President and Chief Executive Officer B.J. Jones. “From our environmental guidelines for new commercial and residential construction, to organic maintenance of our open spaces, to sustainable practices spanning our operations, we continue that legacy today. We celebrate Climate Week NYC with a range of events and initiatives to educate, inspire, and further our environmental responsibility efforts.”
“We saw first-hand the devastating impact of Superstorm Sandy on Lower Manhattan in 2012,” said BPCA Board Member and Resiliency Working Group Chair Catherine McVay Hughes. “The BPCA’s actions to make our community a more sustainable and resilient place to live, work, and play is more important than ever.”
BPCA’s Climate Week NYC events include:
Go Fish! Battery Park City’s Celebration of Life in the Hudson Estuary
Saturday, September 21 from 10AM-1PM in Wagner Park
BPCA Composting Tours @ Parks Operations Headquarters (75 Battery Place)
Monday, September 23 at 9:00AM & Tuesday, September 24 at 11:00AM
Young Sprouts Gardening
Tuesday, September 24 from 3:15-3:45PM, Rockefeller Park Children’s Garden
Elements of Nature Drawing
Wednesday, September 25 from 11AM-1:00PM, Wagner Park
Wednesdays in Teardrop
Wednesday, September 25 from 3:30-5:00PM, Teardrop Park
** BPC Ball Fields Resiliency Project: Public Meeting**
Thursday, September 26, 6:00PM, 6 River Terrace
Drawing in the Park
Saturday, September 28 from 10AM-12:00PM in Wagner Park
Also as part of Climate Week NYC, BPCA will launch a dog waste composting initiative at its three dog runs – more information coming soon – and participate in trainings, tours, and panels in furtherance of its sustainability efforts. These include recycling training for staff, a visit to the Sims Materials Recovery Facility in Sunset Park, and a tour of BPCA’s Parks Operations headquarters for New York State agencies. Authority staff will also participate in these Climate Week NYC events on Friday, September 27:
As a sustainability leader, over the past year the Authority has made the following strides in green governance:
In July, BPCA issued $76.3 million in Sustainability Bonds Phase 1 of its Capital Plan, which includes development of a comprehensive resiliency infrastructure – entailing perimeter storm barriers, flood protection systems, waterproofing, and landscaping to protect its residents and assets from climate change. The proceeds will also finance projects that enhance public access to open space, accessibility and walkability, and preserve the socio-cultural attributes of Battery Park City. The Authority’s Sustainability Bond Framework aligns with the Green Bond Principles, Social Bond Principles and Sustainability Bond Guidelines (promulgated by the International Capital Markets Association), as well as United Nations Sustainable Development Goals 11 (Sustainable Cities and Communities) and 13 (Climate Action).
In May, the BPCA Board approved a resolution supporting creation of a Sustainability Plan and New Green Guidelines, which will, among other things, facilitate the Authority’s commitment to “achieve a carbon neutral Battery Park City by the middle of the century, along with greenhouse gas reduction and clean energy improvement targets, a strategy for achieving those targets, and a framework for ensuring BPCA lessees and business partners meet BPCA’s enumerated goals.” Last month BPCA issued an RFP for creation of this plan, which will guide the Authority’s sustainability efforts and initiatives for the next decade. BPCA’s Sustainability Plan will be presented on Earth Day 2020.
On Earth Day 2019, BPCA launched its Zero Waste Initiative, a waste-reduction program that includes education, regular reporting and review of vendor practices, and pledges from more than 100 Authority staff members to reduce, reuse, and recycle. Focusing initially on BPCA’s practices at its Parks Operations Headquarters, the goal is to attain TRUE certification (an assessor-based program that rates how well facilities minimize waste), decrease office waste going to landfill by 90% over the next 12 months, and learn from this experience to expand Zero Waste to the Authority’s other spaces – and eventually to the community.
Also on Earth Day, in partnership with Gateway Plaza – Battery Park City’s largest residential complex – BPCA launched the neighborhood’s first building-specific composting program, diverting more than 4,000 lbs. of waste to date
BPCA’s Investment Guidelines emphasize the consideration of environmental, social, and governance (ESG) factors in the Authority’s investment strategy. BPCA encourages its investment managers to include ESG factors in their analytical processes and prohibits investment in companies that are heavily-reliant on fossil fuels.
Last October, BPCA released its first-ever, scientific study of the use of Battery Park City’s 36 acres of parks and public spaces, an effort aimed at helping BPCA meet the challenges of maintaining the high level of satisfaction that its park users enjoy. The study’s findings confirmed that Battery Park City parks are extremely successful in providing an attractive and safe environment for a varied array of user populations.
Read more about BPCA’s sustainability initiatives here.
About BPCA: Established in 1968, The Hugh L. Carey Battery Park City Authority is a New York State Public Benefit Corporation charged with developing and maintaining a well-balanced community on the Lower West Side of Manhattan. Battery Park City’s 92- acre site has achieved worldwide acclaim as a model for community renewal in planning, creating, and maintaining a balance of commercial, residential, retail and park space. For more info visit: bpca.ny.gov.
The Battery Park City Authority (BPCA) today released its first-ever, scientific study of the use of Battery Park City’s 36 acres of parks and public spaces, an effort aimed at helping BPCA meet the challenges of maintaining the high level of satisfaction that its park users enjoy. The BPCA Parks User Count & Study, conducted by Borough of Manhattan Community College (BMCC) researchers and students between July 2017 and June 2018, included statistical counts, surveys by a random sampling of parks users, and focus groups resulting in a bevy of data from a range of users – local residents, visitors from other New York communities, local office employees, and tourists (domestic and international); from those who were experiencing their first visit to others who have been enjoying the parks for 35 years. The Study’s findings confirm that Battery Park City parks are extremely successful in providing an attractive and safe environment for a varied array of user populations.