New York City School Agency to Spend $3 Billion a Year for Three Years 9/30/2006
The New York City School Construction Authority has $3 billion to spend every year for the next three years. In the past, that announcement would have gotten the stereotypical New Yorker response from the design and construction industry: "yeah...good luck with that." But today, the industry is raising an eyebrow.
In fiscal year 2007 which started July 1, 2006, the SCA plans to build 100 new schools, complete more than 2,000 capital improvement projects, invest in science laboratories and auditorium projects in all five boroughs. The capital plan is fully funded, and the money ready to go.