Union Square Pedestrian Plaza Management License Awarded in Manhattan

DOT s Office of Cityscape & Franchises has awarded a License Agreement ( License ), pursuant to Section 1-16 of the Concession Rules of the City of New York, to Union Square Partnership District Management Association, Inc.

( Concessionaire ), whose address is 200 Park Avenue South, Suite 1320, New York, NY 10003 to provide for the operation and management of a pedestrian plaza located along Broadway between East 18th Street and East 19th Street; Broadway between East 17th Street and East 18th Street; East 17th Street between Broadway and Park Avenue South; Union Square West between East 16th Street and East 17th Street; Union Square West between East 14th Street and East 15th Street; East 14th Street between University Place and Broadway; and University Place between East 13th Street and East 14th Street in Manhattan, New York ( Licensed Plaza ), and maintenance and/or repair of certain amenities installed within the Licensed Plaza, including through City-approved plaza events, sponsorships, gifts, and subconcessions.

The term of the License will provide for one (1) ten-year term, commencing upon written Notice to Proceed, with two (2) additional five-year renewal options, exercisable at the sole discretion of DOT; 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 Licensed Plaza, and reasonable administrative costs, as such costs related to the Licensed Plaza. Agency: Transportation Status: Award