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Q&A

Maloney asks if contract incentivizes revenue generation

New York City Council · Oct 20, 2026 · starts 0:54:29 · 41 sec

Wong says the contract includes a revenue generation section; EDC gets a share from activations, concessions, and advertising.

Virginia Maloney

And does the contract incentivize for creative ways to reduce the subsidies required by New York City government as part of the contract or reduce the cost of operations?

James Wong

Yeah.

James Wong

So as part of the contract we have, and this is new when we re-procured it, was a whole section on revenue generation.

James Wong

It allows us to work with the operator to do things.

James Wong

Perhaps you've seen some of the activations and the fun things that you see on our social media.

James Wong

Some of the, many of those are paid activations for which EDC gets a slice.

James Wong

of that revenue.

James Wong

So we get things, we get some revenue from the concessions, from advertising, from activations, and things like that.