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According to the article, New York City plans to invest over $23 billion by 2026 to develop residential and commercial projects and improve infrastructure, aiming to accommodate the expected increase in population to over 9 million residents. The plans include constructing approximately 4,000 new housing units annually, with a focus on providing affordable housing, enhancing public transportation networks, and developing vibrant areas. These investments are part of a long-term strategy to boost economic growth and city sustainability, with projections indicating population growth of between 90% and 95%. This reflects the urgent need to modernize infrastructure and meet the rising demand for housing and services.
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