CUNY Accepts $116M Grant For New Workforce Facility
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Description
CUNY Board approved a $116.23 million grant from the Steven & Alexandra Cohen Foundation to fund construction of a new workforce development facility at LaGuardia Community College, to be named the Cohen Career Collective. The project is governed by a multi-party Building Grant Agreement through January 31, 2034, with funds distributed over the next four years based on milestones.
Contract Details
Contract Amount
$116,230,000.00
Vendor
STEVEN & ALEXANDRA COHEN FOUNDATION
Agency
Cuny Queens College, NY
Contract Type
OTHER
Document Date
March 18, 2024
Contract Term
approximately ten years, ending on January 31, 2034; funds payable over approx. four years, final payment by August 15, 2028
Renewal Date
2034-01-31
Renewal Info
Grant term ends January 31, 2034; funding distributed in installments over four years with compliance milestones; no explicit renewal or extension terms provided.
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