Notice Details

NOTICE OF A JOINT PUBLIC HEARING of the Franchise and Concession Review Committee and the Department of Small Business Services (“SBS”) to be held on 12/9/2024, at 2 Lafayette Street, Room 1412, Manhattan, NY 10007 commencing at 2:30 PM relative to:

INTENT TO AWARD as a Concession Agreement (“Agreement”) to Downtown Skyport LLC for Operation of the Downtown Manhattan Heliport at Pier 6 in Manhattan. The Agreement shall be administered by the New York City Economic Development Corporation (“NYCEDC”) who shall act as the City’s administrator for all purposes with respect to the Agreement.

The Agreement will provide for a five (5) year term with three (3) five (5) year options to renew for a total of twenty (20) years. The Initial Term is from 02/01/2025 to 01/31/2030, with renewal options outlined as follows: Renewal Option (1): 02/01/2030 to 01/31/2035; Renewal Option (2): 02/01/2035 to 01/31/2040; Renewal Option (3):02/01/2040 to 01/31/2045.

Compensation to the City will be as follows: The greater of a minimum annual guarantee, to be increased per annum at a rate of 4% based on the schedule below, versus 42.50% of gross receipts.

Initial Term:

Year 1    $2,750,000             vs.       42.50%

Year 2    $2,860,000             vs.       42.50%

Year 3    $2,974,400             vs.       42.50%

Year 4    $3,093,376             vs.       42.50%

Year 5    $3,217,111             vs.       42.50%

 

First Renewal Option:

Year 6    $3,345,795             vs.       42.50%

Year 7    $3,479,627             vs.       42.50%

Year 8    $3,618,812             vs.       42.50%

Year 9    $3,763,565             vs.       42.50%

Year 10 $3,914,107             vs.       42.50%

 

Second Renewal Option:

Year 11 $4,070,672             vs.       42.50%

Year 12 $4,233,499             vs.       42.50%

Year 13 $4,402,839             vs.       42.50%

Year 14 $4,578,952             vs.       42.50%

Year 15 $4,762,110             vs.       42.50%

 

Third Renewal Option:

Year 16 $4,952,595             vs.       42.50%

Year 17 $5,150,698             vs.       42.50%

Year 18 $5,356,726             vs.       42.50%

Year 19 $5,570,995             vs.       42.50%

Year 20 $5,793,835             vs.       42.50%

 

Written testimony may be submitted in advance of the hearing electronically to fcrc@mocs.nyc.gov. All written testimony can be submitted up until the close of the public hearing and will be distributed to the FCRC after the hearing.

A draft copy of the Agreement may be obtained at no cost by any (or all) of the
following ways:

1. Submit a written request to SBS’ Procurement Help Desk at procurementhelpdesk@sbs.nyc.gov from 11/21/2024 through 12/9/2024.
2. Submit a written request by mail to NYCEDC, Asset Management, Ports, Waterfront and Transportation, 14^th Floor. Written requests must be received by 12/4/2024. For mail-in requests, please include your name, return address, and Concession ID 10480

The agenda and related documentation for the hearing will be posted on the MOCS website at https://www.nyc.gov/site/mocs/opportunities/franchises-concessions.page

For further information on accessibility or to make a request for accommodations, such as sign language interpretation services, please contact the Mayor’s Office of Contract Services (MOCS) via e-mail at DisabilityAffairs@mocs.nyc.gov or via phone at (212) 298-0800. Any person requiring reasonable accommodation for the public hearing should contact MOCS at least five (5) business days in advance of the hearing to ensure availability.

Please direct any questions or comments you may have regarding the terms of the Agreement to Mary Clarke by phone at (212) 312-1254 or via email at mclarke@edc.nyc.