DEP letter to FEMA outlining fund priorities for WTC recovery,

NYC 9/11 Public Portal Document

Table 2: Revenue Losses Caused by 9/11

Revenue Losses FY02 FY03 Total ($ in millions) Destruction of Property $76 $144 $220 Closure of Lower Manhattan 281 281 Effect on Travel and Tourism 94 55 149 Total $451 $199 $650

Rebuilding Needs

We recognize that several other entities will require funding from FEMA. We estimate that after subtracting all of the estimated uses of FEMA funds (both those included on Schedule 1 and those of other parties), the amount remaining from the total appropriation of $8.85 billion will be approximately $4 billion. The City would like to use the vast majority of that amount to enhance the transportation infrastructure in Lower Manhattan and for security upgrades.

September 11* has placed new demands on an already-outdated infrastructure in Lower Manhattan. In the near future, millions of additional visitors will journey to Lower Manhattan each year, and Lower Manhattan will have to serve as a symbol of America’s resilience. To accommodate these changes, we must address three infrastructure needs for Lower Manhattan.

As detailed on Appendix 3, a preliminary estimate of needs is approximately $7.1 billion. The sources of those funds would include the remaining FEMA funds, $1.8 billion in DOT appropriations and the remaining $1.1 billion from other sources, including funds that have been appropriated by HUD. Primary infrastructure needs include:

New modes of transportation to Lower Manhattan. There has not been a new subway or commuter rail line added to Lower Manhattan since 1932. Antiquated transportation infrastructure, which already strains under the stress of the everyday commute, must be enhanced with new commuter rail and subway connections.

Connections between Lower Manhattan’s isolated neighborhoods. The World Trade Center site must be reintegrated into the rest of downtown, and the street grid in all of Lower Manhattan must be enhanced and rationalized. Pedestrian connections must be made between the financial district, Chinatown and Tribeca, the civic center and the historic South Street Seaport.

Facilities for visitors. There is nowhere near enough parking to accommodate hundreds of additional tour buses and thousands of private vehicles that will come to Lower Manhattan every day. The area also lacks open space for visitors.

We will continue working with you, with the LMDC, with the State, and all other involved entities to present detailed estimates, as they evolve, of the costs of these needed infrastructure investments. If we do not meet these needs, we will fail to achieve a recovery from September 11'*’ in Lower

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