The 5-Corners Strip Mall Amsterdam NY.
Mohawk Valley Awarded Restore NY Grants
The Mohawk Valley was awarded $14 Million in Restore New York Grants to support seven projects.
The funding through the Restore New York Communities Initiative was included among the $102 million awarded to 64 projects across the state to support revitalization efforts and boost economic development.
Mohawk Valley Awarded Restore NY projects include
- The City of Utica was awarded $4 Million (Special Project Designation) for the Mayro Building. This is a highly visible decaying property in Downtown Utica. The building will be transformed into a mixed-use property with retail, office space and 47 new market rate apartments, and the project will help to transform downtown once completed due to its size and location.
- City of Amsterdam was awarded $2 Million for the 5 Corners Demolition. This project sits on one of the most heavily trafficked routes in the city and is a highly visible eyesore. The demolition and site development will prepare the site to market for redevelopment, with a focus on affordable housing & commercial uses. This project is a top priority for both the City and County.
- Village of Ilion was awarded $2 Million for the Rehabilitation of the Former Sperry UNIVAC Complex. This project will take a vacant blighted property and turn it into a mixed-use space with 81 market rate residences which are in high demand in the village. The project has a committed developer with a proven track record for success in the Mohawk Valley.
You can find the full media release for Round 6 of Restore New York grant recipients at Restore New York Communities Initiative.
About Restore New York
The Restore New York Communities Initiative (“Restore NY”) provides municipalities with financial assistance for the revitalization of commercial and residential properties. The program encourages community development and neighborhood growth through the elimination and redevelopment of blighted structures. The program is administered by Empire State Development.
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