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DASNY News & Updates: JUNE 2018
DASNY, NYU Partner to Finance Medical Research, Engineering Projects


DASNY's storied history with New York University (NYU) added another chapter in May, when NYU issued $593 million in bonds through DASNY.

“DASNY’s long-standing collaboration with NYU has formed the bedrock of the rising research corridor in the heart of Manhattan,” said DASNY President & CEO Gerrard P. Bushell. “Important projects like this are essential to maintaining the stature, attractiveness and competitiveness of the state.”

A $316 million portion of the proceeds will go to the construction of a mixed-use building at 181 Mercer Street, which will include dozens of new classrooms; spaces for performing arts education, training, and rehearsals; student and faculty housing; and a replacement sports and recreation facility.

“These bonds are funding projects that are keenly needed now and vital to NYU’s academic future: additional classrooms, performance practice spaces, laboratories, housing, university-life spaces, and upgrades to existing facilities,” said NYU Executive Vice President Martin Dorph. “This is an investment in sustaining NYU’s academic excellence and trajectory.”

Additional proceeds will go toward the construction of a new science center. This roughly 350,000 square-foot building located at 435 East 30th Street will house an advanced medical research facility for NYU’s School of Medicine.

DASNY Bonds Provide Financing for New Science and Health Care Facilities at Columbia University

The month of May also saw the issuance of $325 million in bonds for the design, construction, and renovation of science and health care facilities at Columbia University, and for other University projects. 

Part of the University’s ongoing investment into research facilities includes an upgrade and expansion of its Columbia Nano Initiative (CNI) Nanofabrication Clean Room, a facility in the Engineering School at its Morningside Heights campus.

“Columbia is fortunate to have opportunities to enhance the quality of academic and research space on its Manhattanville, Morningside and Medical Center campuses,” said Anne Sullivan, Executive Vice President of Finance and IT for the University. “DASNY continues to be a collaborative partner in facilitating these important investments.”

Other monies will be used to provide additional space for academic and support services at the Jerome L. Greene Science Center, for which DASNY issued $50 million in green bonds on Columbia’s behalf in April 2016. The facility is part of the ongoing development of the Manhattanville campus, which is funded in part by low-cost, tax-exempt DASNY bonds.
Leadership in MWBE Outreach and Networking
Approximately 150 people were on hand in Buffalo on June 7 as DASNY hosted a minority-, woman- and service-disabled veteran-owned (MWBE and SDVOB) outreach event, where Dr. Bushell highlighted how DASNY is proud to help advance Governor Andrew Cuomo’s agenda that empowers women and minorities; and values disabled veteran business owners who have served.

“We have been working diligently to help firms build capacity and give all New Yorkers the opportunity to participate in a new, growing economy,” said Dr. Bushell. 

DASNY has a large footprint in Western New York and we are looking to help MWBE and Service-Disabled Veteran-Owned Business firms grow and succeed in securing New York State contracts.

The event was a collaborative effort bringing together Construction, Communications + Marketing, and Resource Acquisition which includes our Procurement, Purchasing, and Opportunity Programs units, leveraging the full complement of DASNY’s resources. This effort enabled Dr. Bushell to demonstrate to those in attendance how our One DASNY initiative is streamlining growth and creating efficiencies for our clients, helping them to build their capacity.

Immediately following Dr. Bushell’s address, DASNY facilitated a panel discussion, educating the audience on how to do business with DASNY. 

You can read Dr. Bushell’s speech in its entirety in on our website in the “President’s Corner.”
Niagara Falls Project Receives Honor
 DASNY’s “Cave of the Winds” project work at Niagara Falls earned an honorable mention
at this year’s CMAA NY/NJ Awards

DASNY partnered with the New York State Office of Parks, Recreation and Historic Preservation to improve upon the remarkable experience that is visiting Niagara Falls State Park – and now that work is being recognized. On June 8, the Cave of the Winds plaza restoration project received an honorable mention for “Project of the Year” from the New York/New Jersey Chapter of the Construction Management Association of America (CMAA NY/NJ). 

The two-year project, for which DASNY teamed with CME as well as LiRo Program and Construction Management, involved a $6.2 million multi-phased reconstruction of the main pedestrian plaza on Goat Island at Niagara Falls State Park. The work included landscaping, removing, and replacing of walkways, reconfiguring of spaces, replacement of handrails, and new concession buildings. 

The work wrapped up in August 2017, and two months later when the ribbon was cut on a new, $7 million pavilion, Governor Cuomo said “The state-of-the-art new Cave of the Winds experience builds on our investments to establish Niagara Falls as a world-class tourism destination. From improvements in Niagara Falls State Park to new hotels to the Niagara Scenic Parkway, our commitment to the community is supporting tourism, creating jobs and driving economic activity across the entire region."
Design-Build Project Nears Completion at SUNY’s The College at Brockport 
Dr. Bushell tours Eagle Hall at
The College at Brockport with
President Heidi Macpherson
on June 7, 2018.
DASNY’s construction division is putting the finishing touches on Eagle Hall – a new, $24 million residence hall at The College at Brockport near Rochester. On June 7, Dr. Bushell had the chance to tour Eagle Hall with Brockport President Dr. Heidi Macpherson.

Macpherson says she’s in awe at the speed and efficiency of the progress being made, saying last year at this time she saw an empty field when she looked out her window – now she sees a facility that is just about ready to take in students. Dr. Bushell echoed her praise of the remarkable work being done: “Last year there wasn’t even a hole dug, and now there is a nearly-completed dorm. With design-build we’ve shaved off six to nine months (off this project), which means this is the future for DASNY. This is an exciting time to partner with us.”

It is the first time in recent memory that DASNY has deployed design-build, an alternative delivery tool that can be applied to SUNY projects. To make the project possible, DASNY designed a new contract that will serve as a model for other design-build projects across the state.  
Capital Projects Kick Off at SUNY Campuses 
DASNY’s construction division is continuing its hard work for its SUNY partners. Four large-scale residence hall projects kicked off at the close of the spring semester, and are scheduled for completion in summer 2019, including:
  • A $16 million project to renovate Tower Three at Buffalo State College,
  • The $18 million Phase Two renovation of Alfred State College’s MacKenzie Complex,
  • A $24.5 million project to renovate Beverwyck and Schuyler Halls at the University at Albany,
  • A $19 million project to renovate Whiteface Hall at SUNY Plattsburgh.
Meet the DASNY Summer 2018 Interns
Front (L to R): Sergio Bernal, Curtis Appiah, Nicole Cocca, Sakira Del Rosario, Kirstyn Watson,
Nazrul Rabbi, Abby Higgins. Back (L to R): Bernardo Mattos, Hamza Amjed, Eric Bachoo,
Franciso Luthje, Collin Morris. Not pictured: Chimere Alozie, Mark Bell
Fifteen talented and passionate college students have moved to the head of the class as DASNY’s Summer 2018 Interns.

Their hard work and willingness to acquire knowledge granted this diverse group the chance to join the DASNY family for the summer. These students were carefully selected among more than 300 applicants.
Employment Opportunities
Want to be part of the DASNY team? All qualified candidates are encouraged to apply. DASNY is currently searching for:
  • Investigative Auditor (2 Positions, Counsel's Office): New York City. The Investigative Auditor investigates allegations of criminal wrong-doing, fraud, abuse, conflicts of interest and corruption within DASNY and its programs. Learn more.
  • Safety Manager (Construction Services Administration): Albany or New York City. The Safety Manager develops, implements, and manages construction safety programs at DASNY and conducts site safety inspections of DASNY construction sites to minimize accidents and injuries. The Safety Manager prepares comprehensive reports for Senior Management, documenting observations and providing recommendations while exercising independent judgment and technical expertise.
    Learn more.
DASNY employs a wide range of employees including architects, professional engineers, accountants, attorneys, internal auditors, financial analysts, and other professional staff to carry out DASNY's mission.

DASNY is an Equal Employment Opportunity employer committed to excellence and diversity.

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