HOBOKEN – Officials from the Rockefeller Foundation, Building America’s Future and the RE.invest Initiative announced Wednesday afternoon that Hoboken would be one of eight cities around the country taking place in a far-reaching project aimed at creating new public-private resilient infrastructure in urban America.
A team of engineering, legal and finance experts will be dispatched to Hoboken over the next two years to participate in a $3 million study which would identify strategies by which cities can use private capital to rebuild aging water, energy and transportation systems. The study will emphasize green infrastructure and partnerships between municipal governments and private capital firms.
“We are thrilled to be one of the first cities in the country chosen for this innovative partnership to develop and finance sustainable solutions to address our flooding, transportation, and other infrastructure challenges,” said Hoboken Mayor Dawn Zimmer. “The tremendous technical and financial guidance provided through the RE.invest Initiative will facilitate Hoboken becoming a more resilient community.”
The RE.invest Initiative announced that the partner cities, in addition to Hoboken, are San Francisco, CA, Miami Beach, FL, Honolulu, HI, New Orleans, LA, El Paso, TX, Norfolk, VA, and Milwaukee, WI. Over 50 cities applied to take part in the study, according to Vajjhala.
Look for a full report on Hoboken’s participation in the study in this weekend’s edition of The Hoboken Reporter. – Dean DeChiaro