GOVERNOR HOCHUL ANNOUNCES MORE THAN $64.1 MILLION AWARDED THROUGH RESTORE NEW YORK COMMUNITIES INITIATIVE
43 Projects Across Nine Regions Will Support Efforts to Reduce Blight, Spur New Investments and Encourage Community Revitalization
Projects Advance Governor’s Priorities by Increasing Available Housing and Spurring New Investments in Economic and Community Growth
Governor Kathy Hochul recently announced that more than $64.1 million has been awarded to 43 projects through the State’s Restore New York Communities Initiative. Restore New York supports municipal revitalization efforts with funds to help remove and reduce blight, reinvigorate communities and generate new residential and economic opportunities statewide. The program, administered by Empire State Development, is designed to help local governments encourage new commercial investments through community revitalization, growing local housing, and putting properties back on the tax rolls to increase the local tax base.
- The City of Utica was awarded $2 million to support the redevelopment of the five-story Cronk Building on Hotel Street, which was built in 1920, and has been vacant since the early 2000s. The development team is planning a mixed-use project including 30 apartments, ground floor retail/commercial space and on-site parking.
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