Battery Park City Authority launches investor website

The Hugh L. Carey Battery Park City Authority has launched a dedicated investor relations website to provide a single location for investors to access BPCA credit fundamentals.

Established in 1968, the authority is a New York State public benefit corporation charged with developing and maintaining a mostly residential 92-acre site along the Hudson River.

It was built on a landfill on Manhattan’s Lower West Side, using materials excavated during the construction of the World Trade Center and other construction projects in the 1970s.

Boston-based BondLink is supplying the site. BondLink’s clients include California, Oklahoma, Chicago and the University of Texas.

Investors are encouraged to sign up to receive notifications, said Battery Park City's chief financial officer, Pamela Frederick.

The authority is undertaking a variety of resiliency capital projects to mitigate storm surge, flooding, and sea level rise. They include flood barrier systems, covering the north and south esplanades, the ballpark and community center, and the Rockefeller Park playground restoration.

BPCA undertook an overall resiliency study in 2015, three years after Hurricane Sandy struck, inundating the neighborhood with water from along West Street.

A pile remediation project is another resiliency component, created in 2007 and due for completion by 2021. Under the plan, each of 3,121 concrete piles that support the esplanade will be jacketed with fiberglass, and then encased within an epoxy filled plastic pile jacket to protect them and avert further degradation or corrosion.

Last October, the authority released its study on Battery Park City’s 36 acres of parks and public spaces.

The Parks User Count & Study, which Borough of Manhattan Community College researchers and students conducted between July 2017 and June 2018, included statistical counts, surveys by a random sampling of parks users, and focus groups resulting in data from a range of users.