New York, NY (2010)

Basketball City

Warehouse space on a Lower East Side pier becomes a new athletic facility and public waterfront esplanade.

Investment

  • NMTC Amount: $5,880,000
  • Total Project Cost: $14,105,323

IMPACT

  • 50 FTE jobs
  • 87 construction jobs
  • 63,000 sq. ft. of real estate

Investor

Project Description

The Basketball City project converts 63,000 sq. ft. of warehouse space on Pier 36 in Manhattan’s Lower East Side into a basketball-focused recreational facility. In addition to providing youth camps, clinics, and tournaments, the location now serves as home court for 28 New York City Public School Athletic League basketball teams. The facility itself contains seven basketball courts, locker rooms and a special events area. Sustainable design components such as solar panels, composite wooden floors and energy-efficient lighting and insulation is now incorporated in the renovation of the existing space. The site also a feature a waterfront esplanade open to the public, extensive landscaping, and space for parking. The project is now an integral piece of New York City’s East River Waterfront Esplanade Project. As part of the NMTC financing agreement between UFA and Basketball City, the 50 expected full-time positions to be created by the project is now filled by eligible low-income residents of the area sourced through a community board.

MAP

Address: 36 South Street, New York, NY 10002

Census Tract: 36061000600

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