Company type | Subsidiary |
---|---|
Founded | November 2001 |
Parent | Empire State Development Corporation |
Website | renewnyc.com |
The Lower Manhattan Development Corporation was formed in November 2001,[1] following the September 11 attacks, to plan the reconstruction of Lower Manhattan and distribute nearly $10 billion in federal funds aimed at rebuilding downtown Manhattan. It is a subsidiary of the Empire State Development Corporation, which is a New York state public-benefit corporation.