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President Biden’s Fiscal Year 2024 Budget Proposes Investments in Mollo Building in New York City

NEW YORK - The Biden-Harris Administration today announced that the President’s Budget for Fiscal Year 2024 includes funding for construction of a new Silvio Mollo Federal Building in New York City. The budget details a blueprint to grow the economy from the bottom up and middle out, lower costs for families, and more. 

The budget proposes investments in the American people that will help lay a stronger foundation for shared growth and prosperity for generations to come.

“The President’s Budget reflects smart investments that will help GSA make cost-saving upgrades to federal buildings, bolster the nation’s cybersecurity, and improve how the government delivers digital services to millions of Americans,” said GSA Administrator Robin Carnahan. “In addition, for the first time ever, the President’s Budget includes a provision that will guarantee full access to the Federal Buildings Fund while preserving Congress’s discretion to decide on and authorize investments - this is a game-changing provision that will enable GSA to modernize and consolidate the federal footprint, saving taxpayers millions and creating good-paying jobs in local communities.”

In New York City, the President’s FY 2024 budget request for GSA includes:

Silvio Mollo Federal Building | New York, N.Y. | $285,825,000
This $285.8 million project will demolish the majority of the existing facility and construct a new high performance facility with new building systems to achieve LEED requirements; new interior spaces for the US Attorney’s Office; and a new screening pavilion to comply with security and accessibility requirements.

“This project will strengthen public infrastructure, create good jobs, improve sustainability and address key building infrastructure needs,” said Public Buildings Service Regional Commissioner Michael Gelber. “We are excited for the opportunity to improve this facility and the economic opportunities this project will bring to the New York City region.”

For more information on the President’s FY 2024 Budget, please visit: https://www.whitehouse.gov/omb/budget/. The GSA Budget request will be posted at www.gsa.gov/cj.

GSA’s Northeast and Caribbean Region provides centralized procurement for the federal government by managing its real estate portfolio, products and services throughout New York, northern New Jersey, Puerto Rico and the U.S. Virgin Islands. GSA’s mission is to deliver value and savings in real estate, acquisition, technology, and other mission-support services across government. For more information, visit: Welcome to the Northeast & Caribbean Region 2 | GSA and follow us on Facebook and Twitter.

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About GSA: GSA provides centralized procurement and shared services for the federal government, managing a nationwide real estate portfolio of nearly 370 million rentable square feet, overseeing approximately $75 billion in annual contracts, and delivering technology services that serve millions of people across dozens of federal agencies. GSA’s mission is to deliver the best customer experience and value in real estate, acquisition, and technology services to the government and the American people. For more information, visit GSA.gov and follow us at @USGSA