ALBANY, NY—Three environmental advocacy groups have filed suitin New York State Supreme Court here in an attemptto block $511 million in federal environmental funds New York Stateis seeking in connection with the construction of the new$3.9-billion Tappan Zee Bridge.
Earlier this year New York State applied for $511 million infunds from the federal Clean Water State RevolvingFund. On June 24, the Board of Directors of theEnvironmental Facilities Corp. voted to provide$511 million in loans to the New York State ThruwayAuthority for 12 projects related to building the newbridge. Allocation of those funds required EPA approval.
The EPA in a Sept. 16th letter granted just $29.1 million inClean Water Revolving Fund financing and declared ineligible forfunding $481.8 million the state had sought for the new Tappan ZeeBridge. After receiving the denial, New York State officials saidthe state would appeal the ruling.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
