It appears funding is coming from private sources and upkeep labor is being organized by the 32BJ Union, a massive local union that specializes in affordable housing that’s populated with people who work and specialize in “cleaners, property maintenance workers, doormen, security officers, airport workers, window cleaners, building engineers, school and food service workers, factory workers, etc”.
The conversion costs and labor appear to be funded and plan to be performed by GFP Real Estate and city partners, no doubt in exchange for good favor for future permit approvals and project integration by the Mayor’s administration.
Pretty smart if you ask me.