FEMA Funds New Classroom Space For Pace University 

Release Date: November 22, 2002
Release Number: 1391-175

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New York, NY -- The Federal Emergency Management Agency (FEMA) obligated more than $4 million today to the state of New York to assist Pace University in recovering from damages resulting from the Sept. 11 attacks on the World Trade Center.

The $4,156,543 grant reimburses Pace University for the cost of improvements and alterations to alternate classroom space after the university's educational annex on the 55th floor of One World Trade Center was destroyed.

"This grant helps Pace University's students resume their normal everyday activities with as little interruption as possible," said FEMA Director Joe M. Allbaugh. "Non-profit institutions such as Pace are an integral part of the New York community and the federal government remains committed to helping New Yorkers recover from the tragedy of Sept. 11."

"This funding allows a vital segment of our downtown community to continue their educational studies in a safe, secure environment," said Edward F. Jacoby, Jr., director of the New York State Emergency Management Office (SEMO).

David A. Caputo, president of Pace University said, "On behalf of Pace University, I would like to thank FEMA and all those who worked so diligently to secure these funds. The losses we incurred at One World Trade Center resulted in real expenses to Pace and we are grateful to the congressional, city and state leadership and the leadership at FEMA and SEMO for working with us so that we can restore our educational facilities to what they were before the 9-11 tragedy."

The grant is funded through the FEMA / State of New York Public Assistance program. President Bush authorized FEMA to pay for 100 percent of the program costs following his disaster declaration after the Sept. 11 tragedy. Public Assistance reimburses government agencies and certain non-profits for eligible disaster-related damages and costs not covered by insurance. Among the categories eligible for reimbursement are debris removal, emergency protective measures and the repair or restoration of damaged public facilities.

Last Modified: Friday, 03-Oct-2003 15:40:22