OSWEGO, NY – Empire State Development on Wednesday announced close to $9.5 million in grants for projects in Oswego, Jefferson and St. Lawrence counties as part of the third round of Restore NY grant program.
Restore New York funds municipally sponsored projects for the demolition, deconstruction, rehabilitation or reconstruction of vacant or obsolete structures.
Restore New York was designed as a competitive process with specific criteria. Strong emphasis is placed on projects from economically distressed communities across the state with priority given to those that leverage other state or federal redevelopment, remediation or planning programs such as Brownfield Opportunity Area or Empire Zones.
In Oswego County, funds will flow to Oswego city and the village of Pulaski.
The city of Oswego will receive $1.6 million to develop the Stevedore Building, a vacant warehouse located on the Erie Canal Heritage Corridor and in the Oswego Empire Zone.
The developer proposes to transform the vacant warehouse space into a mixed use building, creating 33 market rate residential units and five commercial retail/office spaces in the building.
Development of the Oswego Stevedore is consistent with the Oswego 2020 Vision Plan and local waterfront revitalization program addressing the need for market rate housing, job creation and economic development in OswegoÃ¢â‚¬â„¢s downtown waterfront district.
The village of Pulaski will receive $818,718, for the North Jefferson Street Revitalization Project to rehabilitate and renovate three historically significant buildings located in the Historic District of the Village of Pulaski along the escarpment of the Salmon River.
Renovations will be made to the interior of one and the interior, exterior and site of two buildings to establish a mix of commercial and residential uses.
For more information regarding Restore New York, visit www.empire.state.ny.us/restoreNY/default.asp
Empire State Development is New YorkÃ¢â‚¬â„¢s chief economic development agency.