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NYC Needs Running Start on Biden Climate Plan, Group Says

The Bond Buyer

Joe Biden’s election as president has raised the specter of a federal public works program designed to boost climate resilience.

Nonprofit think tank Center for an Urban Future wants New York City to get a running start.

report by the center lists recommendations for project ideas by leaders in coastal resilience and renewable energy.

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“All the ideas are well thought-out and should be implemented,” said Alan Rubin, a principal at Blank Rome LLP and co-head of its severe weather emergency recovery team.

Selling the economic benefits at the state and local levels are critical, Rubin said. “There has to be an economic quid-pro-quo in a way that you can be pari-passu [side-by-side] with the funding.”

Stormwater storage in low-lying residential areas, a recommendation of urban architecture firm Raven A+U principal Jeffrey Raven, are fairly easy to accomplish and should be high priority, Rubin added. Such areas include Hudson River Park, FDR Drive, the Brooklyn-Queens Expressway and the Major Deegan Expressway.

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“NYC Needs Running Start on Biden Climate Plan, Group Says,” by Paul Burton was published in The Bond Buyer on December 7, 2020.