Brooklyn Marine Terminal ‘Vision’ Proposal

Clears Key Hurdle for $3.5B Waterfront Redo

NEW YORK—More than two-thirds of the Brooklyn Marine Terminal (BMT) Task Force has passed a historic vision plan to turn the BMT into a modern, maritime port and create a mixed-use community along the Brooklyn waterfront.

With a $65-million state investment to support housing growth and build a future cold storage facility on-site—a total investment of $410 million made possible by city, state and federal governments—the proposal intends to transform the dilapidated marine terminal into a 60-acre, all-electric maritime port that can, once again, serve as a key economic driver for the community.

In addition to a revitalized port, the plan passed on Sept. 22 will also create 6,000 new homes—including 2,400 permanently affordable units—as well as 28 acres of public space, 275,000sf of commercial space, 250,000sf of community facility space, and 225,000sf of light-industrial and industrial space.

“This bold, $3.5 billion vision will transform the Brooklyn Marine Terminal into a modern, all-electric maritime hub and a thriving new neighborhood — delivering good-paying jobs, affordable homes, and public amenities for generations to come,” Gov. Kathy Hochul said. “New York State is proud to stand with the city to make this once-in-a-generation investment in our waterfront, our economy and our communities.”

The Brooklyn Marine Terminal Vision Plan intends to transform the marine terminal into a modern, all-electric port while creating thousands of homes and tens of thousands of new jobs.

The plan, which covers a total of 122 acres, will also deliver vital resiliency and infrastructure upgrades for the area while generating an estimated $18 billion in economic impact, 37,000 temporary construction jobs, and 2,000 permanent jobs. The Vision Plan adopted by the BMT Task Force serves as the foundation for all future investments and redevelopment at BMT.

In the coming weeks, NYCEDC will form a Brooklyn Marine Terminal Advisory Task Force to guide the project through environmental review and development of a General Project Plan. NYCEDC expects the release of a draft Environmental Impact Statement and Empire State Development’s adoption of a draft General Project Plan in 2026. NYCEDC is aiming to release the first request for proposal for a long-term port operator by the end of 2026.

Published: September 24, 2025.

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