New York City announces purchase of Brooklyn Marine Terminal for mixed use economic development

BROOKLYN, NEW YORK - MAY 14: Brooklyn longshoremen attend a press conference by New York City Mayor Eric Adams and New York Governor Kathy Hochul announcing the redevelopment plans for the Brooklyn Marine Terminal, May 14, 2024 in the Red Hook neighborhood of Brooklyn, New York. Once one of the most active shipping ports in the world, the Red Hook docks have greatly diminished in economic output over the last several decades. The city has purchased the property with plans to redevelop the property for mixed use, including parks and housing. (Photo by Andrew Lichtenstein/Corbis via Getty Images)