Annual Report 2003
Page 1
In the current climate of uncertainty about the City’s overall economy and uneasiness about the future of Lower Manhattan, we must remember that what is right about New York today is much greater than what is wrong. Though fiscal challenges should not be underestimated, our economy is still supporting high levels of jobs and investment; our public officials are proposing innovative long-range capital plans, and our industry continues to exhibit considerable vitality. The fundamental strengths of New York should reassure us as the City and the industry make its way through this difficult period.
New York City's overall economy is sound and poised for stronger years ahead. New York’s current fiscal problems are primarily a result of the World Trade Center destruction and a national recession. Still, New York City is persevering as the financial, cultural and intellectual capital of the world. Furthermore, the building industry remains strong, despite the easing of record-breaking construction activity of recent years.
City, State and Federal governments consider the long-term. Officials in Washington, Albany and City Hall are pursuing comprehensive and innovative strategic investments, while still addressing fiscal crises. Forward-looking and achievable proposals have been articulated for a range of initiatives including: creation of affordable housing; revitalization of Lower Manhattan; expansion of mass transit; and, sustainable development in all five boroughs.
The future of Lower Manhattan is in capable hands. Considerable progress has been achieved in establishing a solid rebuilding program. Credit must be given to the partnership between public officials and agencies at all levels that is addressing diverse interests and encouraging wide participation in the planning process.
An important role for the industry and the Building Congress in the year ahead is to agree and act on several key initiatives – Encourage citywide planning initiatives that address ongoing needs such as housing, waterfront development and increased electric generation capacity. Stress the vital importance of sustaining capital investment during fiscal austerity, using innovative funding sources such as user fees to help support vital services and avoiding counterproductive budget cuts. Endorse and support significant development proposals inall five boroughs, such as plans for the 2012 Olympics, Manhattan’s far West Side, Queens West and Governor’s Island.
As an industry, our success is tied to the City’s prosperity. That makes economic leadership our first priority and collaboration with government officials at the top of our agenda.To meet these goals, the Building Congress relies on the participation and expertise of its
diverse membership.
Our challenges are great, but so are the City’s strengths and the capabilities of the design, construction and real estate industry. There is no more important time to be working together to build the future of New York.
Marilyn Jordan Taylor
Chairman
Richard T. Anderson
President
