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Posted on: March 29, 2018

Webster Economic Development Alliance secures funding for revitalization

Governor Cuomo announced today that the Village of Webster will receive funding through the Restore NY program, to revitalize storefronts along East Main Street.  This funding was the result of an ongoing collaboration between the Town of Webster, Webster Central School District, Village of Webster, Chamber of Commerce, and the Business Improvement District.  The Webster Economic Development Alliance, under the direction of Matt Chatfield, plans, organizes and implements local community and economic development activities in Webster.  For more information on the Alliance, visit: Webster Economic Development Alliance

Press Release:

GOVERNOR CUOMO ANNOUNCES MORE THAN $11 MILLION AWARDED TO FINGER LAKES MUNICIPALITIES IN ROUND 5 OF RESTORE NEW YORK COMMUNITIES INITIATIVE

Governor Andrew M. Cuomo today announced that $11.2 million has been awarded to ten Finger Lakes 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.

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.

Finger Lakes Projects

  • City of Rochester - $5,000,000 - The rehabilitation of eight vacant privately-owned properties, located in Center City on State Street and East Main Street. The plan includes interior and exterior building restoration and, when completed, approximately 145 new housing units will be created and approximately 64,572 square feet of commercial space will be renovated
  • City of Canandaigua - $1,000,000 - Rehabilitation of the abandoned former Labelon manufacturing facility at 10 Chapin Street into a mixed-use development with 52 residential units.
  • Village of Holley - $1,000,000 - The restoration and conversion of the former Holley High School at 1 Wright Street into Holley Gardens: a mixed residential/commercial facility to provide seniors with new, safe housing featuring senior focused amenities and updated, accessible office/meeting space for the community.
  • Town of Irondequoit - $1,000,000 - The redevelopment of a former mall, the largest vacant property in Monroe County with nearly one million square feet of former retail space, into SkyView on the Ridge, a mixed-use multi-tenant space that will include office space, a community center, fitness facility and shared common area for tenants and customers.
  • Village of Warsaw - $1,000,000 - The demolition of a former nursing home on North Main Street. Once the building is demolished, it will be combined with a neighboring parcel to create a two-story hotel.
  • Village of Geneseo - $700,000 - The conversion of the former Livingston County Home into a multi-tenant commercial building.
  • Village of Penn Yan - $500,000 - The rehabilitation of two buildings: the first will renovate the vacant top two floors of a multi-use building into market rate housing. The second building will be renovated into a mixed-use facility.
  • Village of Webster - $500,000 - The rehabilitation of 22-42 East Main Street to create commercial and residential properties along a contiguous stretch of six storefronts.
  • Village of Avon - $400,000 - Renovation of the Park Theater into mixed-use facility, including a community theater.
  • Village of Newark - $100,000 - The rehabilitation and adaptive reuse of the former St. Michael's Parish Elementary School into 28 affordable apartments for seniors age 62 and over.

Accelerating Finger Lakes Forward

Today's announcement complements "Finger Lakes Forward," the region's comprehensive blueprint to generate robust economic growth and community development. The State has already invested more than $5.2 billion in the region since 2012 to lay the groundwork for the plan - investing in key industries including photonics, agriculture and food production, and advanced manufacturing. Today, unemployment is down to the lowest levels since before the Great Recession; personal and corporate income taxes are down; and businesses are choosing places like Rochester, Batavia and Canandaigua as a destination to grow and invest in.

Now, the region is accelerating Finger Lakes Forward with a $500 million State investment through the Upstate Revitalization Initiative, announced by Governor Cuomo in December 2015. The State's $500 million investment will incentivize private business to invest well over $2.5 billion - and the region's plan, as submitted, projects up to 8,200 new jobs.

For More Information:  Finger Lakes Forward

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