Baruch College Awarded Pedestrian Plaza Management Agreement in Manhattan
DOT s Office of Cityscape & Franchises has awarded a Memorandum of Agreement ( Agreement ), pursuant to Section 1-16 of the Concession Rules of the City of New York, to The City University of New York on Behalf of Baruch College ( Concessionaire ), whose address is One Bernard Baruch Way, New York, NY 10010 to provide…
Source ID: us-nyc-current-solicitations-20251120022
Scope overview
DOT s Office of Cityscape & Franchises has awarded a Memorandum of Agreement ( Agreement ), pursuant to Section 1-16 of the Concession Rules of the City of New York, to The City University of New York on Behalf of Baruch College ( Concessionaire ), whose address is One Bernard Baruch Way, New York, NY 10010 to provide for the operation and management of a pedestrian plaza located at East 25th Street between Lexington and Third Avenues in Manhattan, New York ( Plaza ), and maintenance and/or repair of certain amenities installed within the Plaza, including through City-approved plaza events, sponsorships, gifts, and subconcessions.
The term of the License will provide for one (1) five-year term, commencing upon written Notice to Proceed, with two (2) additional five-year renewal options, exercisable upon mutual consent of both parties; no leasehold or other propriety right will be offered.
For compensation to the City, the concessionaire will be required to invest any revenue generated by this concession into the maintenance and/or repair of certain amenities within the Plaza, and reasonable administrative costs, as such costs relate to the Plaza. Agency: Transportation Status: Award
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Baruch College Awarded Pedestrian Plaza Management Agreement in Manhattan
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