NEW YORK CITYNew York City’s 105 colleges and universities will invest nearly $10 billion on campus construction and facilities upgrades over a five-year period, according to NYC· EDU: Building a 21st Century College Town, a new report from the New York Building Congress.

From fiscal year 2013 through FY 2017, the Building Congress forecasts higher education construction spending in New York City to reach $9.85 billion.  If realized, this would be a continuation of the nearly $2 billion these institutions have invested annually in capital projects over the past three fiscal years (FY 2010-2012).

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