PUBLIC FACILITIES

U.S. DISTRICT COURTHOUSE, MIDDLETOWN, NEW YORK

This Facility was Financed with Industrial Revenue Bonds.

CITY OF HUDSON CENTRAL FIREHOUSE

Hudson New York’s newly constructed Central Firehouse opened in May 2005. The $3.5 million facility is owned by CIDC and leased to the City for a term of 30 years, after which it reverts to the City for $1.00.

NEW YANKEE STADIUM GARAGE COMPLEX

Bronx Parking Development Company, LLC (BPDC) was selected as the developer of the $387 million garage complex at the new Yankee Stadium in Bronx, New York. CIDC is the sole member of BPDC.

The Project consists of the financing by the New York City Industrial Development Agency, on behalf of Bronx Parking Development Company, LLC, a limited liability company duly organized and validly existing under the laws of the State of New York (“BPDC”), of a portion of the costs of a civic facility (the “Facilities”) which includes the acquisition, construction, renovation, improving, equipping and furnishing of the parking lots and parking garages located in the Borough of the Bronx.

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City of New York