GOVERNOR CUOMO ANNOUNCES MORE THAN $11 MILLION AWARDED TO CAPITAL REGION MUNICIPALITIES IN ROUND 5 OF RESTORE NEW YORK COMMUNITIES INITIATIVE
10 Projects Receive Funding to Generate Economic Opportunities by Removing Blight and Revitalizing Neighborhoods
Governor Andrew M. Cuomo today announced that more than $11 million has been awarded to 10 Capital Region municipalities through Round 5 of the Restore New York Communities Initiative. Restore New York supports municipal revitalization efforts by awarding funding for projects that will reinvigorate downtowns and generate new economic opportunity in communities from Western New York to Long Island. Nearly $81 million was awarded to 71 municipalities statewide.
"Downtown communities are vital to keeping our economies thriving and to attracting businesses and families to put down their roots in New York," Governor Cuomo said. "The Restore New York Communities Initiative recognizes communities teeming with potential and invests in their transformation and their future, and turns them into neighborhoods New Yorkers are proud to call home."
Round 5 of the Restore New York Communities Initiative was enacted in the FY2017 State Budget, and Empire State Development was designated to implement the program. Cities, towns and villages were all eligible to apply for support for projects that include demolition, deconstruction, rehabilitation or reconstruction of vacant, abandoned, condemned and surplus properties. Projects located in economically distressed communities were emphasized and encouraged.
- Village of Catskill - $1,000,000 - Redevelopment of a former millinery and furniture warehouse into FORELAND Catskill, a commercial office building with a focus on artists and the creative economy. Spaces for artists, writers, designers, and creative entrepreneurs will be created, along with a restaurant, event and retail space.