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Community Benefit Agreements Examples

In the end, the Kingsbridge National Ice Center CBA included the following common benefits: The Bronx coalition and clergy and coalition signed an agreement in 2013 with the Kingsbridge National Ice Center, in conjunction with the renovation of kingsbridge Armory in the Bronx to New York City, at a cost of nearly $320 million. The agreement included the creation of an 11-member municipal council, specifically designed to be broadly representative. The developer agreed to cut 51 percent of the jobs related to the project for Bronx residents, pay living wages for workers, including spending $1 million a year on local nonprofit organizations. Construction will begin in early 2019. In some cases, community conditions resulting from a CBA may be included in an agreement between the local government and the developer. B, for example, a development agreement or a lease agreement. This regime gives the local government the power to enforce the terms of the agreement. The CBA is a legally binding product of negotiations between the developer and community members who have teamed up to protect the interests of their community. These obligations are generally monetary in nature, but cannot include monetary benefits (i.e. investments in a communal centre, an affordable housing fund, payment agreements for a sustainable wage, legal assistance, etc.). „Community“ can be as narrow as the neighbourhood involved in a particular project, or as large as an entire city.

In Los Angeles, for example, a CBA negotiated with the builders of the L.A. Live Sports and Entertainment complex provides support for community-based employment and hiring programs, as well as interest-free loans to non-profit housing organizations. To prepare for the 2010 Olympic Winter Games, the City of Vancouver, British Columbia, Canada, has awarded a contract to the Millennium Development Corporation to build its 56,000-square-metre athlete village on southeast False Creek. This development included a CBA to create 100 jobs for local and downtown residents and raise $15 million targeted for downtown goods and services. It also included a $750,000 legatee fund to train downtown residents. [20] The CBA included investment and support from the Canadian federal government, the BC Provincial Government, the City of Vancouver and the Building Opportunities with Business Inner-City Society (a non-profit community economic development, also known as BOB), and these parties are collectively recognized under the Vancouver Agreement. [21] The CBA has also received support from Bell, VanCity, Canadian Housing and Mortgage Corporation and the Vancouver Regional Construction Association. Building Opportunities with Business oversaw the use of used funds, provided labour and assisted downtown residents with training and assistance, while THE VRCA monitored the training of residents. Although the Olympic Village has been widely criticized for exceeding the budget, a report written by the BOB to the city in 2008 cites the creation of 120 jobs, with a raising of nearly $50 million.

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