Albany, NY – Assembly Member Rebecca A. Seawright is pleased to announce that the Executive Budget includes a $25 million capital appropriation for Roosevelt Island Operating Corporation (RIOC).

This money would fund a multi-year capital improvement program on Roosevelt Island as agreed to by the State in relation to the Cornell Tech development.

“I am happy to report this development for my Roosevelt Island constituents. I will continue to monitor and push for much needed funding in the State budget as negotiations are forthcoming,” said Seawright.

The final budget is anticipated to pass on April 1, 2018.