The capital budget passed by the City Council early this morning includes $5.806 million for upgrading the aging New York State Pavilion, the crown jewel of the 1964-65 World’s Fair.
Borough President Melinda Katz, a staunch advocate of restoring the rusting Tent of Tomorrow and Observation Towers, issued a statement in which she expressed her gratitude to the city for recognizing the iconic nature of the pavilion and its importance to the borough’s image.
According to Katz, the $5.806 million will be used to upgrade the pavilion’s electrical system, rebuild the staircases inside the Observation Towers and repair the concrete platforms supporting the observation decks at the top of each of the three towers.
About $4.2 million is provided by Mayor de Blasio, while $628,000 comes from the City Council and the remaining $979,000 comes from Katz.
The $5.806 million is a far cry from the estimated $72 million it would cost to completely restore and reuse the pavilion, according to studies presented by Parks Department representatives at a meeting of the Borough Board last November.