Funding Physical Facilities and Information Technology Infrastructure

The capital budget provides funding for the University’s physical facilities and information technology infrastructure.

In fiscal 2020, budgeted capital expenditures total $821 million. Sources of funding include:

  • Long-term financing accounts for 55% of the total, or $449 million. The University’s ability to finance its capital program is facilitated by NYU’s strong financial position, as recognized by ratings on NYU’s general obligation unsecured debt from Moody’s and S&P of Aa2 and AA-, respectively.
  • Philanthropy, government grants, and transfers from operating budgets make up the remaining 45%, or $372 million

The capital budget is used for the following purposes:

  • 47% of capital expenditures will be for improvements to, or new construction of, academic facilities
  • 16% of capital spending will purchase new, or improve existing, student housing and other facilities that house student services
  • 8% of the capital budget will be used to purchase new, and improve existing, faculty housing
  • 29% of the capital budget will be used for campus infrastructure, including various information technology infrastructure initiatives.
  • Spending for capital maintenance to keep all University buildings in good repair is included in the campus infrastructure category above, and totals $83 million dollars.

Fiscal 2020 Capital Budget

Fiscal 2020 Capital Budget Pie Chart

Fiscal 2020 Capital Budget Data

Selection of Major Projects Funded in the Fiscal 2020 Capital Budget

181 Mercer Street – Mixed-Use Building

181 Mercer Street is a new mixed-use building to be developed at the site of the former Coles Sports and Recreation Center on Mercer Street between Bleecker and Houston Streets in Manhattan. The approximately 735,000-square-foot building will include the following spaces:

  • A 350-seat proscenium theater designed for both Tisch and Steinhardt’s needs with required ancillary spaces
  • Teaching theaters and practice rooms with supporting spaces for Tisch and Steinhardt’s performing arts programs
  • Student housing that will accommodate approximately 415 beds within a residential college model, and a new dining facility
  • Approximately 55-60 classrooms and student study spaces throughout the building
  • Roughly 42 faculty apartments, depending on size
  • A new athletic and recreation center, including a gym space designed to accommodate large functions with up to 2,300-3,000 persons

The building will represent design excellence while achieving the academic and programmatic goals of the University. The previous Coles building was closed in February 2016 and the building has been demolished to grade. Structural steel work is in progress and the new building is expected to be finished in the first half of 2022.

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370 Jay Street – Mixed-Use Academic Building

Renovation of the 500,000-square-foot building is substantially complete; scope includes façade restoration, window replacement, mechanical and telecommunications infrastructure, and floor-by-floor renovation. The building is occupied as of summer 2019 and open for fall semester.  The balance of construction in the lobby/ground floor retail and cellar areas (this last scope tied to MTA work) will be completed by summer 2021. The building contains academic departmental and research space, classrooms, a 200-seat lecture hall, flexible digital media studios, and ground floor retail. Occupancy of the building is as follows:

  • Media, Arts and Games Network (MAGNET)
    • Tisch School of the Arts (TSOA) Clive Davis Institute of Recorded Music
    • TSOA Interactive Telecommunications Program (ITP)
    • TSOA Interactive Media Arts (IMA)
    • TSOA NYU Game Center
    • Tandon School of Engineering Game Innovation Lab
    • Tandon School of Engineering Integrated Digital Media (IDM)
    • Steinhardt Educational Communication and Technology
    • Steinhardt Music and Audio Research Laboratory (MARL)
  • Center for Urban Science and Progress (CUSP)
  • Tandon departments of Computer Science and Engineering (CSE), and Electrical and Computer Engineering (ECE)
  • Institute for the Study of Decision Making (ISDM)
  • Ability Project (interdisciplinary Tandon, TSOA and Steinhardt)

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708 Broadway/404 Lafayette – School of Global Public Health

The first permanent home of the School of Global Public Health will be located at 708 Broadway/404 Lafayette. Renovations are underway, including new infrastructure and mechanical systems, and the building is expected to be ready for occupancy in 4th quarter of 2020. The 113,000 square feet of newly renovated space will provide the college with departmental office space, research space, multi-purpose student space, and conference/training rooms.

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707 Broadway and 2-6 Washington Place (Meyer Building) – Neuroscience

The first phase of renovations - covering the 7th floor of 707 Broadway, as well as a new MRI scanner on the first floor - have been completed. The second phase of work, which includes 34,700 square feet of research labs and offices for the Center for Neuroscience (CNS) on the 6th-9th floors of 2-6 Washington Place, will be completed 1st quarter of 2020.

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Rogers Hall (6 Metrotech Center) – Tandon School of Engineering Master Plan

Tandon’s 352,000-square-foot Rogers Hall houses several of Tandon departments, including Chemical and Biomolecular Engineering, Civil and Urban Engineering, and Mechanical and Aerospace Engineering. The building also contains many classrooms and teaching lab spaces. The initial phase of work includes extensive infrastructure upgrades, with later phases focusing on the modernization of research and teaching labs and faculty offices. By the conclusion of construction, nearly every Tandon faculty office, laboratory and classroom in Rogers Hall will be new or renovated, and there will be room for further growth of faculty. Projects will be phased by floor and department, with various completion and occupancy dates over the next number of years.

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Silver Complex (Waverly, Brown and Silver buildings) and 25 West 4th Street – Chemical Biology

Plans are underway to significantly enhance and expand Chemical Biology in the Faculty of Arts and Sciences across three core areas: Cancer Chemical Biology, Chemical Neuroscience, and Molecular Spectroscopy and Imaging. Highly collaborative and interdisciplinary, Chemical Biology is a rapidly growing and wide-ranging field of study at the interface of chemistry and biology that employs chemical techniques to understand complex biologic systems at the molecular level.Once complete, the multi-year renovations for Chemical Biology will have added and improved approximately 115,000 square feet of laboratory, academic and departmental administrative space across four buildings in NYU’s science core.

Once complete, the multi-year renovations for Chemical Biology will have added and improved approximately 114,000 square feet of laboratory, academic and departmental administrative space across four buildings in NYU’s central core.

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Various Capital Infrastructure Projects

These projects include repairs to building facades, roof replacements, installation of sprinklers, replacement and upgrades of HVAC systems, sidewalk replacements, information technology networks, etc.

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