Wetland Mitigation Banks for NYCEDC

Client: NEW YORK CITY ECONOMIC DEVELOPMENT CORP.

The Bush Terminal Pier 7 site will be the first of many potential restoration sites to be included in the UMBI. The New York City Economic Development Corporation (NYCEDC) has engaged the Team to complete an Umbrella Mitigation Bank to support dual goals of providing habitat restoration at degraded sites while also providing mitigation options for critical City projects. Mitigation banking is the restoration, creation, enhancement, and preservation of wetlands and/or other aquatic resources expressly for the purpose of providing compensatory mitigation in advance of authorized impacts to similar resources. An Umbrella Mitigation Bank Instrument (UMBI) encompasses a range of sites of various sizes and conditions. The UMBI provides the shell for mandatory items like credit release schedule and required submittals. Typically, the credit generation, performance criteria, service area, and other features are developed on a site-by-site basis under the UMBI. As a subconsultant, ENGenuity Infrastructure is handling the design effort for Bush Terminal Pier 7 restoration project. ENGenuity Infrastructure will also support the construction administration. ENGenuity also has just received authorization to commence the construction drawings and specifications  for Phase 3 of the Saw Mill Creek Wetland Mitigation Bank located on Staten Island, New York.