Citybridge LinkNYC Franchise Debt Restructured
NYC-Office of the Public AdvocateCity · New York, NY- Disclosed value
- $25 million immediate payment plus $35 million in monthly installments totaling at least $3 million per year
- From report
- Document date
- May 1, 2026
The 30-second brief
New York City and CityBridge restructured delinquent franchise payments after the LinkNYC operator fell behind by up to $70 million including interest. The arrangement required an immediate $25 million payment and at least $35 million through installments.
CITYBRIDGE holds this financial services contract with NYC-Office of the Public Advocate.
Term as filed: Debt restructuring agreed after 2019 delinquency; ongoing installment payments.
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Contract details
- Contract type
- Financial Services
- Amount
- $25 million immediate payment plus $35 million in monthly installments totaling at least $3 million per year
- Document date
- May 1, 2026
- Term
- Debt restructuring agreed after 2019 delinquency; ongoing installment payments
- Vendor
- CITYBRIDGE
- Source document
- Office of the Public Advocate Report Get Connected: Digital Equity and Municipal Internet in NYC 2026-05-01 (Report)
CITYBRIDGE's other public contracts
More NYC-Office of the Public Advocate contracts
Questions about this contract
Who was awarded the financial services contract by NYC-Office of the Public Advocate?
CITYBRIDGE was awarded this financial services contract by NYC-Office of the Public Advocate, as recorded on May 1, 2026. The contract value is $25 million immediate payment plus $35 million in monthly installments totaling at least $3 million per year.
How much is the CITYBRIDGE contract with NYC-Office of the Public Advocate worth?
The CITYBRIDGE contract with NYC-Office of the Public Advocate is valued at $25 million immediate payment plus $35 million in monthly installments totaling at least $3 million per year, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a report record.
Where was this contract approved?
This contract appears in Office of the Public Advocate Report Get Connected: Digital Equity and Municipal Internet in NYC 2026-05-01 (Report), dated May 1, 2026 from NYC-Office of the Public Advocate. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does CITYBRIDGE hold?
CITYBRIDGE may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is NYC-Office of the Public Advocate currently buying?
Explore NYC-Office of the Public Advocate's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.