Adams Unveils Hunts Point Marine Terminal Vision
Deal News | Jun 09, 2025 | New York City Economic Develop
The New York City government, under Mayor Eric Adams, has announced a transformative plan to remove the decommissioned Vernon C. Bain Correctional Center and replace it with the new Hunts Point Marine Terminal. The project, led by New York City Economic Development Corporation (NYCEDC), seeks to revolutionize goods transportation by connecting freight arriving by ship to last-mile delivery methods. This initiative could result in a $3.9 billion economic impact alongside the creation of jobs and significant reductions in truck-related congestion. Additionally, the administration will invest over $28 million in infrastructure improvements, such as expanding waterfront access and bike networks. This effort is part of a broader strategy to modernize New York City's waterways, referred to as the Harbor of the Future, which includes multiple innovation and sustainability projects. By launching the marine terminal, New York City aims to establish itself as a leader in green technology and innovation, drive job creation, and significantly improve the quality of life in the South Bronx, an area historically impacted by industrial pollution and congestion.
Sectors
- Infrastructure Development
- Transportation and Logistics
- Environmental Sustainability
Geography
- New York City, USA – The entire project, including the development of the Hunts Point Marine Terminal, is centered in New York City, specifically in the South Bronx region.
Industry
- Infrastructure Development – The article discusses the development of the Hunts Point Marine Terminal, a significant infrastructure project in New York City aimed at improving logistics and transportation networks.
- Transportation and Logistics – The piece highlights the role of the Hunts Point Marine Terminal in reshaping freight logistics by facilitating last-mile delivery and reducing truck congestion, crucial aspects of the transportation sector.
- Environmental Sustainability – The proposed terminal is part of a broader initiative to address environmental concerns by reducing emissions and promoting cleaner air, making it relevant to the sustainability sector.
Financials
- $3.9 billion – Estimated economic impact over the next 30 years from the development of the Hunts Point Marine Terminal.
- $28 million – Investment from the Fiscal Year 2026 Executive Budget to improve waterfront access and greenway infrastructure as part of the project.
- $40 million – Previously committed funding from Mayor Adams to support the Hunts Point Forward plan, which includes developing the marine terminal.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| New York City Economic Development Corporation (NYCEDC) | Initiative Leader | Government | NYCEDC is tasked with issuing the request for proposals for the Hunts Point Marine Terminal project, leading the land remediation effort, and coordinating various development activities. |
| Eric Adams | Mayor of New York City | People | Mayor Adams is spearheading the initiative to transform the city's waterways and has announced the removal of the Vernon C. Bain Correctional Center to make way for the Hunts Point Marine Terminal. |
| Vernon C. Bain Correctional Center | Former Jail Barge | Government | The decommissioned correctional facility whose removal will make space for the new marine terminal. |
| Adolfo Carrin Jr. | Deputy Mayor for Housing, Economic Development, and Workforce | People | Carrin Jr. supports the project's vision and highlights its benefits for economic mobility and reduced congestion. |