In this article, we will explore the fascinating world of United Nations Development Corporation, examining its impact in different contexts and how it has evolved over time. From its origin to the present, United Nations Development Corporation has been the subject of study, debate and controversy. Over the next few pages, we will delve into the most relevant aspects related to United Nations Development Corporation, analyzing its characteristics, influences and repercussions on society. Through this research, we hope to shed light on this very relevant topic and offer a comprehensive vision that allows us to understand its importance in today's world.
New York State public benefit corporation overview | |
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Formed | 1968 |
Jurisdiction | Real estate within a defined area in the vicinity of U.N. headquarters in Manhattan |
Headquarters | Two United Nations Plaza 27th Floor New York, NY 10017 |
New York State public benefit corporation executive |
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Website | www |
The United Nations Development Corporation (UNDC) is a public-benefit corporation in the U.S. state of New York that helps the United Nations 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 in Manhattan. The boundaries of the Development District and other powers of the Corporation are subject to change to the extent provided by additional legislation.
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.
The UNDC has assisted in developing One UN Plaza, Two UN Plaza, and Three UN Plaza. Three UN Plaza is leased to UNICEF as its world headquarters.