Brooklyn Navy Yard’s $3.5 billion renovation plan approved to transform into a modern seaport

New York City Mayor Adams, Governor Hochul, Assemblyman Goldman, and State Senator Gornard jointly announced on the 22nd the approval of a $3.5 billion renovation plan for the Brooklyn Marine Terminal (BMT), transforming a traditional marine terminal into a modern seaport and creating a new, mixed-use community.

This historic plan, backed by a total of $418 million in city, state, and federal investment, will transform the dilapidated Brooklyn Navy Terminal into a 60-acre, all-electric port, revitalizing it as an economic engine for the community and the city.

In addition to the port revitalization, the plan also includes 6,000 new units of housing, 2,400 of which will be permanently affordable, as well as at least 28 acres of public space, 275,000 square feet of commercial space, 250,000 square feet of community facilities, and 275,000 square feet of affordable light industrial and industrial space.

The entire plan covers 122 acres and will also bring critical resiliency and infrastructure upgrades to the area. It is expected to generate an $18 billion economic impact, 37,000 temporary construction jobs, and 2,000 permanent jobs in the maritime, industrial, commercial, and residential sectors.

The Brooklyn Navy Yard renovation has been a long-standing project. The dedicated BMT Working Group, chaired by Assemblyman Goldman and vice-chaired by State Senator Gornard and City Councilman Aviles, includes representatives from federal, state, and city governments, community organizations, various industries, and labor unions.

After a year of extensive consultations with over 4,200 community members and stakeholders, the BMT Working Group approved the plan with a vote of over two-thirds majority. The project has now entered the environmental assessment phase, with an advisory working group set to further refine the plan and engage with the community. A Request for Expressions of Interest (RFEI) will also be issued to optimize the port’s functions.
Mayor Adams stated that this is a significant step for New York City’s future. “For years, naysayers said the time for big ideas and bold initiatives was over, but New York City is proving them wrong. We’re building our waterfront into the ‘Port of the Future,’ creating opportunity for generations to come. When I took office, I promised to ‘get things done,’ and today we’re delivering on that promise in a big way.”

Governor Hochul said this ambitious plan will transform Brooklyn Navy Yard into a modern, all-electric maritime hub and a thriving new community, providing well-paying jobs, affordable housing, and public amenities for generations to come. “New York State is proud to partner with New York City on this generational investment in our waterfront, economy, and communities. We’re proving that growth, resilience, and equity can go hand in hand.”