The United Nations Development Corporation (UNDC) is a
public-benefit corporation in the
U.S. state
In the United States, a state is a constituent political entity, of which there are 50. Bound together in a political union, each state holds governmental jurisdiction over a separate and defined geographic territory where it shares its sove ...
of
New York
New York most commonly refers to:
* New York City, the most populous city in the United States, located in the state of New York
* New York (state), a state in the northeastern United States
New York may also refer to:
Film and television
* '' ...
that helps the
United Nations
The United Nations (UN) is an intergovernmental organization whose stated purposes are to maintain international peace and security, develop friendly relations among nations, achieve international cooperation, and be a centre for harmoni ...
with its real estate, office space, and development needs. It was created in 1968. The UNDC is permitted to develop and operate real estate only within a prescribed area (the "Development District") in the vicinity of the
United Nations headquarters
zh, 联合国总部大楼french: Siège des Nations uniesrussian: Штаб-квартира Организации Объединённых Наций es, Sede de las Naciones Unidas
, image = Midtown Manhattan Skyline 004.jpg
, im ...
in
Manhattan
Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five boroughs of New York City. The borough is also coextensive with New York County, one of the original counties of the U.S. state ...
. The boundaries of the Development District and other powers of the Corporation are subject to change to the extent provided by additional legislation.
Organization
The UNDC has a 14-member board of directors. Its management team is headed by Executive Vice President and General Counsel Robert Cole, who reports to the board. In 2017, the UNDC had operating expenses of $28.05 million, an outstanding debt of $70.11 million, and a level of staffing of 12 people.
Facilities
The UNDC has assisted in developing
One UN Plaza, Two UN Plaza, and Three UN Plaza. Three UN Plaza is leased to
UNICEF
UNICEF (), originally called the United Nations International Children's Emergency Fund in full, now officially United Nations Children's Fund, is an agency of the United Nations responsible for providing humanitarian and developmental aid to c ...
as its world headquarters.
See also
*
Albany Convention Center Authority
*
Development Authority of the North Country
The Development Authority of the North Country (DANC) is a New York State public-benefit corporation. It was created in 1985 by the New York State Legislature to develop and manage the infrastructure needed to support the reactivation of the 10th ...
*
Empire State Development Corporation
*
Hudson River Park Trust
Hudson River Park is a waterfront park on the North River (Hudson River) that extends from 59th Street south to Battery Park in the New York City borough of Manhattan. The park, a component of the Manhattan Waterfront Greenway, stretches and ...
*
Hugh L. Carey Battery Park City Authority
*
New York Convention Center Operating Corporation
*
Lower Manhattan Development Corporation
The Lower Manhattan Development Corporation was formed in November 2001, 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. ...
*
Municipal Assistance Corporation for the City of NY
*
Olympic Regional Development Authority
*
State University Construction Fund
The State University Construction Fund is a New York State public-benefit corporation that addresses the construction and capital planning needs of the State University of New York and affiliated institutions.
The mission of the fund is to act a ...
References
External links
*
Public benefit corporations in New York (state)
Companies based in New York City
United Nations properties
1968 establishments in New York (state)
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