New York metropolitan area New York City Water Tunnel No. 3, an integral part of the New York City water supply system, is the largest capital construction project in the city's history, with segments serving Manhattan and The Bronx completed, and with segments serving Brooklyn and Queens planned for construction in 2020. Much of the fresh water for northern and central New Jersey is provided by reservoirs, but numerous municipal water wells exist which accomplish the same purpose. The New York metropolitan area is home to many prestigious institutions of higher education. Three Ivy League universities: Columbia University in Manhattan, New York City; Princeton
New York City Regional Center areas of New York City in need of long-term economic growth. Examples include: • $220 million to finance ground-up construction in the Bronx; • $108.5 million to finance ground-up and redevelopment projects in Washington Heights (an Upper Manhattan Empowerment Zone); and, • $767 million to finance ground-up, redevelopment, and infrastructure projects in Brooklyn, including seven projects totaling $339 million in the Brooklyn Navy Yard. Examples of economic development projects utilizing loans provided by NYCRC-managed funds include the following: • A new wireless infrastructure network in New York City’s subway stations • Redevelopment of a new cargo facility at JFK International