New York City’s annual infrastructure survey report estimated in 2020 that the maintenance costs of the Riverside Park Bridge W. 79th Street Traffic Circle would be $76 million. When the project went to bid just a few months later, the actual cost was almost double that, at $149.9 million.
This audit identified areas in which DPR could improve its oversight of its recreation centers to help ensure that equipment is maintained in satisfactory condition.
This follow-up audit found that the 47th Street Business Improvement District (BID) partially implemented nine recommendations and did not implement the remaining 14 recommendations.
New York City government’s statutory debt limit is set by the New York State Constitution. The City is permitted to incur indebtedness to execute its capital projects up to a maximum tied by the State Constitution to a fraction of, conceptually, the value of real estate in New York City.