HUD will provide $156 million to fund open space and design improvements, as well as economic development, in Lower Manhattan.
"Managed by the Lower Manhattan Development Corporation (LMDC), the $156 million post 9/11 plan will provide funding to improve public parks and open spaces, to make street improvements and to provide to more pedestrian-friendly access in Lower Manhattan. In addition, the plan will supplement a program to provide grants to businesses adversely impacted by the terrorist attacks nearly two years ago." The program is part of the "total $3.4 billion HUD is providing in direct assistance to help struggling businesses, to provide residential incentives and to revitalize Lower Manhattan since the September 11th attacks."
Thanks to Connie Chung
Read the full story: BUSH ADMINISTRATION APPROVES $156 MILLION PLAN TO BEAUTIFY PARKS, REPAIR BUILDINGS AND CREATE OPEN SPACES IN LOWER MANHATTAN
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