Reconstruction Watch

Reconstruction Watch was developed after September 11, 2001 as a project of Good Jobs New York and was intended to assist low and moderate income New Yorkers and the groups that assist them to better understand and influence the allocation of federal economic development resources. Through its research and publications, Reconstruction Watch provided timely information that helped a diverse groups of New Yorkers to participate in the rebuilding of our city.

Blog Post: Some 9/11 Subsidy Recipients Fail to Meet Job Goals; New York State Recaptures Funds

September, 2011

As the 10th anniversary of September 11th attack on the World Trade Center approaches, it is a good time to review what happened with the subsidies that were allocated to large firms to help them deal with the effects of that tragedy. It turns out that some companies that received those subsidies, including Goldman Sachs, failed to meet their job retention or creation goals, and some have had to repay funds to New York State.

More...

Job Creation and Retention Program Recipients

This is a complete list of firms under the JCRP program as of December 2010. (Click here for GJNY's analysis of the JCRP program). Firms that are highlighed link to its agreement with the Empire State Development Corporation.

More...

Marshalling Subsidies: A Guide to the Lower Manhattan Commercial Subsidy Package and the New Agreement to Redevelop Ground Zero

by Good Jobs New York

July, 2006

This report dissects the financial plan for the redevelopment of lower Manhattan agreed upon by the the major players in the rebuilding effort—the Port Authority of New York and New Jersey, Silverstein Properties, and New York City and State. The arrangement, which reduces the role of leaseholder Larry Silverstein and features a set of new public sector commitments, and lists the various benchmarks that must be met if the terms of the deal are to be officially adopted by the Port Authority at its September 2006 Board meeting.

More...

The LMDC: They’re in the Money; We’re in the Dark--A Review of The Lower Manhattan Development Corporation’s Use of 9/11 Funds

by Bettina Damiani and Stephanie Greenwood

August 2004

This is the first systematic look at the allocation of economic development monies by the Lower Manhattan Development Corporation (LMDC), a subsidiary of the New York State Urban Development Corporation, that was created to direct the revitalization of Lower Manhattan after the 9/11 attacks. In preparation for this report, Good Jobs New York analyzed all publicly available documents, including board meeting minutes, Partial Action Plans (proposals for the use of Federal funds) and reports to the U.S. Department of Housing and Urban Development (HUD) on its actual use of those funds.

More...

Memo: Community Development Block Grant waivers

March 3, 2002

REPORTING WAIVERS: What Does the LMDC Have to Tell the Government and the Public?

More...

Liberty Bonds At-a-Glance

Liberty Bonds At-A-Glance:
(Last updated 11/08)

Liberty Bond Program (total allocation of $8 billion)

More...

Liberty Bond Housing Coalition Statement

Should WTC Funds Build Luxury Housing?  NO!

Coalition Demands "Liberty Bonds" Build Affordable Housing in Lower Manhattan

More...

Reconstruction Watch Publications 1-6

The reports and other publications developed by Reconstruction Watch:

More...

Federal Reconstruction Funds: Opportunities for Public Input (Presentation)

October, 2003

Good Jobs New York's presentation to the Civic Alliance.

View presentation

More...
Syndicate content