The Trust for Governors Island’s new capital spending authority commits close to $77 million for the Island’s continuing transformation in the next 12 months, of which $25.5 million demolishes buildings and other obstructions to smooth the way for the park.
The capital budget reflects the Mayor’s decision to make Governors Island one of his legacies. In addition to the $ 77 million appropriated this year, the Office of Management and Budget’s Capital Commitment Plan forecasts appropriations of $250 million of new money in the next three fiscal years.
Relax in this new gazebo… or rock in old Fort Jay
The budget for operations this year is $11.5 million. Continuing the trend established over the past five years – less money to handle more open space, bigger attractions, more visitors, a longer season – that’s about $1.2 million less than last year and 60 percent of what it was in 2006. The city covers the bulk of this. The National Park Service pays $170,000 for services the Trust provides to the National Monument and the Trust for Governors Island receives almost $400,000 from ticketed concerts and other special events.
Both budgets have been approved by the City Council for fiscal 2012, which began July 1. They are welcome affirmation of the value of having the Island controlled from one location – City Hall – instead of split between state and city authorities who didn’t necessarily see eye-to-eye.
Capital commitments this year also include almost $10 million to shore up the century-old sea wall, $8 million for the ferry docks on the Battery Maritime Building in Manhattan and $13.8 million – including $4 million federal funds – for the Soissons dock on the Island. Less visible, but no less essential, another $11.5 million is earmarked to upgrade electrical and water infrastructure, including work on the water pipeline from Brooklyn, and $4.5 million to repair the historic roofs of Nolan Park.
The biggest single operating expense is $3.1 million for moving crowds, cars and commerce back and forth on the ferry. Other items in the operating budget include about $5 million for unglamorous but necessary maintenance and repairs, utilities and personnel.
In a letter to Mayor Bloomberg when he submitted his budget proposals Donna Milrod, who chairs the G.I.A. board, and Robert Pirani, executive director, expressed “deep appreciation” for his commitment. “Construction of the parks and public spaces, replacement of outdated infrastructure and stabilization of priceless historic buildings are all critical to attracting the tenants and private sector resources that will complete the revitalization of the Island,” they wrote.