WASHINGTON HEIGHTS — A Washington Heights-based nonprofit plans to move out of its headquarters in the George Washington Bridge Bus Terminal.
Credit Where Credit is Due (CWCID), a nonprofit that provides low-income people with a financial education, signed a 15-year lease for a 7,500-square-foot space in the newly constructed nonprofit Alianza Dominicana's building at 530 W. 166th St.
"This new headquarters will encourage our continued growth, enhance our ability to engage underbanked people and give the people we serve a sense of ownership and pride in our work," Justine Zinkin, CWCID’s chief executive officer, said in a statement.
CWCID’s relocation is due in part to the large-scale shuffling of local businesses housed at the terminal, which is slated to be reconstructed beginning January after a one-year delay due to the economic slow down.
In June, the Port Authority announced a plan to jumpstart the project by adding an additional $3.2 million to their investment in the project, bringing their contribution to $83.2 million. Developer George Washington Bridge Development Venture LLC. has pledged $100 million toward the project.
Construction of the new terminal is slated to officially begin in January 2012 with a completion date expected sometime in 2013.
The opening of the Alianza Dominicana’s so-called "Triangle Building" was also delayed during a more than year-long investigation into the nonprofit’s finances, which kept the doors closed despite completion of the project.