ENR New York has selected New York State University Construction Fund (NY SUCF) as its 2015 Owner of the Year. An in-depth article detailing the public benefit corporation’s major projects and contributions to the community, as well as what its doing in terms of safety, workforce diversity and the environment, will be featured in our March 30/April 6 print issue.
NY SUCF is joining the ranks of our past winners, including Brookfield, Related Cos. and Oxford Properties Group and PSEG.
NY SUCF currently has two projects on this year’s Top Starts list — the $275 million University at Buffalo School of Medicine and Biomedical Sciences and the $293 million Stony Brook University Hospital – Medical and Research Translation (MART) Building — with a total of 75 projects under way totaling $1.2 billion. In addition, as of Dec. 31, 2014, NY SUCF’s design workload includes 87 projects with a total value of $1.5 billion currently under design, and an additional 10 projects with a total project value of $42 million in the bid or bid award process.
Over the past ten years, the State University of New York (SUNY) has helped sustain the state’s construction industry by investing over $8.3 billion in capital construction, resulting in industry resilience and job growth throughout New York and the creation of 66,154 construction jobs.
And through the combined and cooperative efforts of NY SUCF and its business partners, nearly $40 million has been paid to more than 300 MWBE prime contractors and subcontractors for work performed during the past fiscal year. Teams have also provided outreach programs to present project opportunities to MWBE firms and provide a setting for firms to discuss opportunities with larger, more established companies, in order to nurture lasting and productive business relationships.
Aiming to continue this trend, NY SUCF has a 2015-2020 capital plan in place that consists of $3 billion for base funding to maintain SUNY’s core operations and $1 billion for transformative strategic initiatives and high priority projects.
Read more about NY SUCF in our upcoming issue and don’t forget to check out our preliminary Top Starts list posted in the previous blog.
Congratulations, NY SUCF!