Tuesday, April 25, 2017

CLOSING THE LOOP: MAYOR DE BLASIO JUMP-STARTS PLAN TO COMPLETE MANHATTAN WATERFRONT GREENWAY


$100 million capital in Mayor’s Executive Budget will help close ‘gap’ near UN with new esplanade, bring Greenway south from East 61st to 53rd Street


  Mayor Bill de Blasio today announced a major investment in closing the largest gap in the Manhattan Waterfront Greenway, and an administration-wide push underway to complete the vision of a contiguous 32-mile waterfront pedestrian promenade and bicycling path around the whole of Manhattan.

In his budget to be announced Wednesday, the Mayor will dedicate $100 million in City capital to significantly narrow the Greenway’s largest gap. The New York City Economic Development Corporation will construct a new esplanade in the East River between East 61st Street and East 53rd Street. Design will begin this year and construction will commence in 2019, with completion expected in 2022. The project has received initial approval from the US Coast Guard, Army Corps of Engineers, and State Department of Environmental Conservation.

“We’re jumpstarting the completion of a Greenway linking the entire Manhattan waterfront. The Hudson River Greenway has vastly improved quality of life on the West Side, and we want families in every corner in the borough to have that same access to bike, walk and play along the water. This is the first of many big investments we’ll make as we bring the full Greenway to reality,” Mayor Bill de Blasio said.

For more renderings of the project, click here:

Local elected officials and civic organizations, including Borough President Gale Brewer, Congresswoman Carolyn Maloney, State Senator Liz Krueger, Assembly Members Dan Quart and Brian Kavanagh, Council Members Ben Kallos and Dan Garodnick, have pushed for a complete East River Greenway for decades, resulting in continuous progress at critical links along the route.

“Because of the City's growing network of Greenways, cyclists and pedestrians have together come to appreciate New York City's breathtaking waterfront,” said DOT Commissioner Polly Trottenberg. “We thank the Mayor for this incredible $100 million investment that will grow this network even further. Coupled with 1,100-mile bicycle network and DOT’s record creation of new bike lanes, a longer Greenway will also help us meet the surging demand in daily cycling, grown 80% in New York City over just the last five years. We look forward to working with EDC to give East Siders access to their waterfront, and to a jump-started process that will allow us to close other remaining gaps in the Greenway loop.”

“Improving access to our city’s waterfront is a critical part of our work to strengthen neighborhoods and improve New Yorkers’ quality of life,” said NYCEDC President James Patchett. “By creating great public spaces for people to walk, jog or ride, we're helping make this a more accessible and equitable city. We’re grateful to Mayor de Blasio for his commitment to expanding our Greenways, and we look forward to working with DOT to deliver this exciting project.”

“As an avid New York City runner, I see the benefit that initiatives like the Mayor’s commitment to closing the loop has on communities – connecting them to some of the most scenic greenway in the world,” said NYC Parks Commissioner Mitchell J. Silver, FAICP. “Parks is doing its part as we look forward to commencing a conceptual design this summer that will link the East Side Greenway between 125th and 132nd streets, furthering our partnership with EDC and DOT to provide New Yorkers a seamless Greenway experience.”

The Mayor’s Executive Budget also dedicated $5 million for a multi-agency study to be completed this year of the remaining gaps in the Manhattan Waterfront Greenway. The study will identify solutions necessary to upgrade existing pinch points and complete gaps, as the basis for additional funding in the next update of the City’s capital plan.

Since its inception in 1993 under Mayor David Dinkins, each administration has contributed to Manhattan Waterfront Greenway. The last major section of the Greenway to open was a 10-block pile-supported Riverwalk built in Riverside Park on the West Side between West 81st and West 91st streets, completing a contiguous 11-mile Hudson River Greenway from the Battery to the George Washington Bridge. With more than 7,000 daily cyclists, it is the busiest bike path in the United States.

Once complete, the addition announced today will remove one of the last remaining interruptions to the 32-mile Greenway around Manhattan Island. 

Further projects in development:

·         Inwood: This summer, DOT plans to begin the process of creating new bike lanes along Dyckman Street, the northern connection for cyclists traveling between the Harlem and Hudson River Greenways.

·         Inwood: In addition to converting Dyckman Street between Nagle Avenue and 10th Avenue to protected lanes, NYC DOT is already working with Manhattan Community Board 12 to develop a plan for new bike lanes on Dyckman, between Broadway and Nagle Avenue. 

·         East Harlem: The Parks Department is kicking off a conceptual design for the East Harlem greenway gap from East 125th to 132nd Streets as part of East Harlem Neighborhood Plan. 

·         Lower Manhattan: NYCEDC is advancing demolition of dilapidated structures, removal of toxic soil and the design and construction of new waterfront open space at Pier 42 on Manhattan's Lower East Side with funds secured from the Lower Manhattan Development Corporation.

Join BP Diaz for a My Brother's Keeper Convening Session



Bronx Democratic Party - Upcoming Events


A Community Conversation With First Lady of New York City  Chirlane McCray
When: Tues. 4/25/17, from 6:30 to 8:30 p.m.
Where: Latino Pastoral Action Center, 14 W. 170th St.

Join First Lady of New York City Chirlane McCray, ThriveNYC and Council Member Vanessa L. Gibson, in a frank and open conversation about mental health in our communities. 

For more information, please refer back to the flyer. 
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NYC Commission on Human Rights 5th Annual Fair Housing Symposium When: Weds. 4/27/17, from 2:30 to 8:30 p.m.
Where: Hostos Cafe, East Academic Complex 450 Grand Concourse, 3rd Fl.


Co-sponsored by Speaker Melissa Mark-Viverito, Council Members Vanessa L. Gibson, Rafael Salamanca, Ritchie Torres & Mark Levine, Assembly Member Latoya Joyner and Senator Jose Serrano, the 5th Annual Fair Housing Symposium, hosted by the NYC Commission on Human Rights, is a day dedicated to the tenants, organizers, attorneys, advocates and service providers who strive to eliminate housing discrimination in New York City. 

For more information on this event, please visit: NYC.gov/fairhousingNYC and NYC.gov/HumanRights
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The Bronx Tech SummitWhen: Friday, 4/28/17, from 8:30 a.m. to 5:30 p.m.
Where: Metropolitan College of New York, 463 E. 149th Street

Bronx Borough President Ruben Diaz Jr. invites you to attend The Bronx Tech Summit, which dedicates an entire day to panels, sessions and guest speakers from leading tech leaders, including: Google, Verizon, and LinkNYC. 

To see a list of speakers and to RSVP, visit: BronxTechSummit.SplashThat.com
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5th Annual Bronx Day in AlbanyWhen: Mon. 5/1/17, from 4:00 to 8:00 p.m.
Where: Empire State Plaza, NY, Albany 

New York State Assembly Member Mark Gjonaj, New York State Senator Jeffrey D. KleinBronx Borough President Ruben Diaz Jr., and The Bronx Democratic Party Chairman Marcos A. Crespo invite you to the 5th Annual Bronx Day in Albany.

For more information please contact Lilyanna Pekic at 718-409-0109 or email bronxdayinalbany@gmail.com.

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The Benjamin Franklin Reform Democratic Club's 57th Annual Dinner 
When: Thurs. 5/4/17 at 6:00 p.m.
The Benjamin Franklin Reform Democratic Club invites you to join them in honoring New York State Attorney General Eric Schneiderman, 1199SEIU Executive Vice President Neva Shillingford-KingManhattan College Holocaust, Genocide and Interfaith Education Center Director Dr. Mehnaz Afridi, and BJ's Wholesale Club, during their 57th Annual Dinner.

For more information, please refer back to the flyer. 
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The 48th Annual Herbert H. Lehman Memorial LectureWhen: Friday, 5/5/17, at 11:00 a.m. 
Where: Lovinger Theatre, 50 Bedford Park
Lehman College President Jose Luis Cruz cordially
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invites you to attend the 48th Annual Herbert H. 
Lehman Memorial Lecture with Congressman 



 
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12th Annual Cinco De Mayo Celebration
When: Sat. 5/6/17, from 12:00 to 5:00 p.m.
Where: Crescent Avenue, between 187th Street and Belmont Avenue

Bronx Borough President Ruben Diaz Jr., the Mexican-American Community and C-Town Supermarket have partnered together to commemorate the 12th Annual Cinco De Mayo Celebration. Join the celebration for a chance to win multiple giveaways as well as a free raffle for a new bike!

For more information, please refer back to the flyer.


 
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Anti-Bullying & Public Safety Wall Ball Tournament
When: Sat. 5/6/17, from 10:00 a.m. to 5:00 p.m.
Where: Claremont Park, 170th Street and Clay Avenue Entrance

Join Council Member Vanessa L. Gibson and the U.S. Wall Ball Association in their fight to combat 
violence in communities while striving to create 
stronger bonds with our youth and law enforcement 
officials, during the Anti-Bullying and Public Safety 
Wall Ball Tournament. 

For more information on this event please contact 
Vanessa L. Gibson's office at, 646-548-8872




 
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Bronx Week's Health Day Stickball Game
When: Fri. 5/19/17, from 12:00 to 2:00 p.m.
Where: Joyce Kilmer Park, Grand Concourse & 161st Street

Join Bronx Borough President Ruben Diaz Jr. and City and State NY for a classic game of Stickball as part of Bronx Week's Health Day. 

To RSVP, please visit: http://bit.ly/2pBWT38 




 
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Jackson Democratic Club Fundraiser to Washington D.C.
When: Saturday, 6/3/17, buses board at 6:45 a.m.
Where: Buses will depart from 161st, River Avenue 

Join the Jackson Democratic Club Fundraiser on an all day trip to Washington D.C. for a day filled with monument sightings, a visit to the National Museum of African American History & Culture, Giveaways, and more! 

For more information, please contact: Cynthia Cox 
 at 917-450-5192, Diana Diaz at 917-535-5295,
Tee Lawton at 646-463-9917, and Ernestine 
Jackson at 347-224-2002




 


 
In solidarity,
 
Hon. Marcos A. Crespo, Chair
The Bronx Democratic Party
1640 Eastchester Rd.

Monday, April 24, 2017

Acting Manhattan U.S. Attorney And FBI Assistant Director Announce Insider Trading Charges Against Investment Bank Vice President


  Joon H. Kim, the Acting United States Attorney for the Southern District of New York, and William F. Sweeney Jr., the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced today that AVANEESH KRISHNAMOORTHY, who works as a vice president and risk management specialist for a Manhattan-based investment bank (the “Investment Bank”), was arrested this morning and charged with insider trading. KRISHNAMOORTHY made approximately $48,000 in connection with stock and options trading based on material nonpublic information he misappropriated from the Investment Bank and its parent company (the “Company”), about a private equity fund’s potential acquisition of a publicly traded company.
KRISHNAMOORTHY was presented today in Manhattan federal court before United States Magistrate Judge Kevin Nathaniel Fox.
Acting U.S. Attorney Joon H. Kim said: “Avaneesh Krishnamoorthy is charged with violating his duty to his company and trading on insider information. He allegedly exploited his access to information about a pending acquisition to purchase stock and options, making tens of thousands of dollars in illegal profit for himself. This Office remains committed to enforcing the nation’s securities laws to protect the fairness and integrity of the markets.”
FBI Assistant Director-in-Charge William F. Sweeney Jr. said: “When one has access to material nonpublic information, they are afforded significant knowledge that could give them a competitive edge in stock and options trading. But, as we all know, it’s illegal to use this information in furtherance of personal gain. As alleged today, Krishnamoorthy ignored these rules, using the information at his fingertips to his advantage, and made personal profits in the tens of thousands. The FBI and our partners will continue to investigate and prosecute those who cheat the system in this way.”
According to the Complaint filed today Manhattan federal court[1]:
As a vice president and risk management specialist, KRISHNAMOORTHY had access to material nonpublic information concerning mergers and acquisitions for which the Investment Bank might potentially provide financing. In November 2016, a private equity fund (the “Fund”) contacted the Investment Bank concerning financing for the Fund’s acquisition of Neustar, Inc. (“Neustar”), a publicly traded company whose shares trade on the New York Stock Exchange. Around that time, KRISHNAMOORTHY received multiple emails regarding the Investment Bank’s potential involvement in the transaction, including emails that summarized the details of the deal. In violation of the Company’s policies and in breach of his duties to the Company, KRISHNAMOORTHY used this material nonpublic information to acquire Neustar stock and options. In the days and weeks after receiving the emails, and prior to the public announcement of the Fund’s acquisition of Neustar, KRISHNAMOORTHY purchased numerous Neustar call options and shares of Neustar stock. Purchases of Neustar securities took place in brokerage accounts held in the names of both KRISHNAMOORTHY and his spouse. Contrary to the policies of the Company, KRISHANMOORTHY did not reveal these trades or the existence of these brokerage accounts to the Company.
The public announcement of the Fund’s acquisition of Neustar on December 14, 2016, resulted in an approximately 20 percent increase in the value of Neustar stock in the hours following the announcement, resulting in a corresponding increase in the value of the call options and equity stock held by KRISHNAMOORTHY and his spouse. As a result of the insider trading alleged in the Complaint, KRISHNAMOORTHY generated at least $48,000 in profits.
KRISHNAMOORTHY is charged with one count of securities fraud, which carries a maximum sentence of 20 years in prison and a maximum fine of $5 million, or twice the gross gain or loss from the offense. The statutory maximum sentence is prescribed by Congress and is provided here for informational purposes only, as any sentencing of the defendant would be determined by the judge.
Mr. Kim praised the investigative work of the FBI and thanked the SEC, which has filed civil charges in a separate action. He added that the FBI’s investigation is ongoing.
This case is being handled by the Office’s Securities and Commodities Fraud Task Force. Assistant U.S. Attorney Brendan F. Quigley is in charge of the prosecution.
The allegations contained in the Complaint are merely accusations, and the defendant is presumed innocent unless and until proven guilty.
[1] As the introductory phrase signifies, the entirety of the text of the Complaint, and the description of the Complaint set forth herein, constitute only allegations, and every fact described should be treated as an allegation.