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    << Return to news list Bartholomew said, "This $750,000 fund will permit further work along South Street and will supplement the DRI award. A thank you is extended for the continued advocacy by Governor Cuomo, Senator Little and Empire State Development Corporation for Glens Falls' effort to-date."
     
      
     
     
    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
     
    Nearly $81 Million Awarded to 71 Projects Statewide
      
    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."

    "Traveling across the State, I see the many buildings in communities that have great possibilities to be restored with the charm they once had," said Lieutenant Governor Kathy Hochul. "With this Restore New York funding, we're committed to ensuring that our localities have the resources they need to pursue new development projects and transform abandoned properties. The Restore New York initiative continues to work with local leaders and stakeholders to unleash the full potential of economic development opportunities across the State."
     
    Round 5 of the Restore New York Communities Initiative was enacted in the FY 2017 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.
     
    ESD President, CEO & Commissioner Howard Zemsky said, "Restore New York partners with municipalities to back projects that can have a transformative impact on neighborhoods and downtowns throughout the state. With our support, cities and towns are tearing down vacant, blighted buildings and rehabilitating outdated structures to help revitalize their community and generate new economic opportunities."
     
    Capital Region Projects include
     
    • City of Glens Falls - $750,000 - The demolition of 49 and 51-57 South Street, followed by the construction of a 10,000-square foot Farmers Market Food Hub; as well as the environmental remediation and rehabilitation of two adjacent buildings in preparation for proposed adaptive mixed-use developments.
      
    Senator Betty Little said, "I am very pleased Glens Falls is being awarded this funding. Eyesore buildings detract from the positives in a community, deter investments and, in some cases, actually create public hazards as properties further deteriorate. This funding is big boost of capital. I was glad to support it as part of last year's budget along with Governor Cuomo and many of my colleagues. This will make a real impact and I'm hopeful serve as a catalyst for growth."
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