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Faced with mounting budget deficits and little prospect of federal relief, New York City will need its public dollars to stretch further than ever in the difficult months ahead. But as CUF's research has shown, New York's flawed capital construction process frequently results in months-long delays and cost overruns that stretch into the millions, limiting the efficiency and effectiveness of these vital investments in libraries, cultural organizations, parks, and other public institutions.
Now change is in the air. In January 2019, the city's Department of Design and Construction (DDC) launched a major reform effort to speed up capital projects and cut down on delays—and this initiative is showing promise. However, in some areas, delays and cost overruns persist, and there is broad consensus that further improvements are needed—and not just by DDC. This forum will discuss the progress the administration has made in improving the capital process, examine where problems remain, and explore what city and state leaders can do now to build on the reforms underway and make further progress to maximize the impact of capital dollars in a time of fiscal crisis.
Confirmed speakers include:
Center for an Urban Future is a catalyst for smart and sustainable policies that reduce inequality, increase economic mobility, and grow the economy in NYC.
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