cuny-hostos-community-collegemeeting-minutes2024-03-18_a2d.pdf
$116M Grant Approved for LaGuardia Workforce Facility Construction
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Description
CUNY Board of Trustees approved acceptance of a $116.23 million grant from Steven & Alexandra Cohen Foundation for constructing a new workforce development facility at LaGuardia Community College, with naming rights for the facility. The grant will be disbursed over four years, supporting programs in diverse high-demand sectors.
Contract Details
Contract Amount
$116,230,000.00
Vendor
STEVEN & ALEXANDRA COHEN FOUNDATION
Agency
Cuny Hostos Community College, NY
Contract Type
OTHER
Document Date
March 18, 2024
Contract Term
Approx. ten years, ending January 31, 2034, with final payment due August 15, 2028
Renewal Date
2034-01-31
Renewal Info
Grant term is approximately 10 years. Facility naming rights last for 100 years. Grant payments over 4 years until August 2028; term ends January 31, 2034.
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