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The Financial District and Seaport Climate Resilience Plan is a joint effort led by New York City Economic Development Corporation (NYCEDC) and the Mayor’s Office of Environmental Justice (MOCEJ) to transform the waterfront, creating a place that serves New Yorkers better than before. The Master Plan, which outlined a conceptual design for protecting Lower Manhattan from sea-level rise and coastal storms, was released in December 2021. Since the release of the conceptual design, the design has continued to be advanced and refined to respond to stakeholder needs, technical constraints, and regulatory considerations.

Climate Change Isn’t Coming, It’s Here.

By the Numbers

$19B

Citywide damages and lost economic activity from Hurricane Sandy

NYC is increasingly vulnerable to flooding due to climate change. More intense coastal storms, rising sea levels, and extreme precipitation are already causing flooding across New York City. By the 2040s, Lower Manhattan’s shoreline will begin to experience frequent tidal flooding from sea-level rise, impacting streets, sidewalks, buildings, and critical infrastructure.

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The Battery Park Underpass in New York is seen completely submerged because of flooding from Hurricane Sandy.
"High Water Mark" signage commemorating the highest point of flooding at this particular location during Hurricane Sandy, New York, NY.
The Hudson River Greenway in New York City flooded during Hurricane Sandy.

Why Lower Manhattan?

Lower Manhattan is at the core of New York City’s transportation system, economy, and civic life. Millions of people travel through Lower Manhattan by rail, bus, car, and ferry every day. This area provides connections across all five boroughs and to other regional centers like Midtown, Jersey City, and Downtown Brooklyn.

New Yorkers from every neighborhood work in Lower Manhattan. As one of the largest business districts in the United States, Lower Manhattan is not only central to the economy of the city, but to the region as a whole. Lower Manhattan is also more than just a business district – it’s a regional center of culture, community, and civic life with a growing residential community and a destination for students and visitors.

Lower Manhattan by the Numbers

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By The Numbers

17.7M

Annual visitors

View of the Statue of Liberty and waterfront in Battery Park City in Lower Manhattan.
Aerial image of Lower Manhattan, NYC, East River, Hudson River, Manhattan
By The Numbers

417K

Daily subway, PATH train, and ferry riders

By The Numbers

$6.5B

Estimated tax contributions

The Oculus. Photo by Julienne Schaer/NYC and Company.

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