New York metropolitan area passed through ports in New York or in one of the surrounding towns. The five boroughs of New York City — The Bronx, Brooklyn, Manhattan, Queens, and Staten Island — were consolidated into a single city in 1898. The newly unified New York City encouraged both more physical connections between the boroughs and the growth of bedroom communities. The New York City Subway began operating in 1904 as the Interborough Rapid Transit Company, one of three systems (the other two being the Brooklyn-Manhattan Transit Corporation and the Independent Subway System) that were later taken over by the city. Railroad stations
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