The Brooklyn Marine Terminal is getting a long-awaited facelift.

The project announced on Tuesday by Mayor Eric Adams, Gov. Kathy Hochul and the Port Authority will create a modern maritime port and community along the Brooklyn waterfront. The mayor says the project will also create jobs and bring significant economic benefits to the area.

“This deal will allow New York City to build a modernized marine time port on over 120 prime acres of Brooklyn coastline,” said Adams. “Just look at this space and just see the reimagination that’s possible in this space that was left dormant for so many years. Now we’re seeing energy and life that is going to come here.”

As part of the agreement, the city will assume control of the entire marine terminal in Brooklyn, which includes 122-acres of waterfront.