Following the U.S. Department of Transportation’s decision to rescind guidance issued in 2018 that had effectively blocked the Gateway Program's access to federal funding, REBNY President James Whelan released the following statement:
“Strong leadership from the Biden Administration on infrastructure is a welcome sign for the nation’s economic recovery.
“The Gateway Program is America’s most important infrastructure priority. Restoring access to federal funding for Gateway is an initial but pivotal step toward advancing the project, which will improve mass transit service for millions of commuters, create thousands of good jobs and play a significant role in getting our regional and national economies back on track. It will be crucial for the federal government to keep this momentum going and act quickly to allocate the funds needed to get the project underway.
“We look forward to working with the Biden Administration, Senate Majority Leader Schumer and other stakeholders to ensure the long overdue vision for Gateway can finally become a reality.”
ABOUT THE REAL ESTATE BOARD OF NEW YORK
The Real Estate Board of New York (REBNY) is the City’s leading real estate trade association. Founded in 1896, REBNY represents commercial, residential, and institutional property owners, builders, managers, investors, brokers, and salespeople; banks, financial service companies, utilities, attorneys, architects, and contractors; corporations, co-partnerships, and individuals professionally interested in New York City real estate. REBNY conducts research on various civic matters including tax policy, city planning and zoning, rental conditions, land use policy, building codes, and other city, state, and federal legislation. REBNY regularly publishes market data, policy reports, and broker surveys. In addition, REBNY provides for its members: informational, technical, and technological resources; networking and charitable service opportunities; qualifying and continuing education courses; professional education programs, seminars, and designations; career-changing awards; legal advice; and a wide range of additional member benefits. For more information, please visit www.REBNY.com.
