Ten million dollars is being awarded to the city of Schenectady, with the goal of continued revival of the city.
The Electric City was one of 10 recipients awarded a total of $100 million given by the Downtown Revitalization Initiative, with Governor Andrew Cuomo making the presentation Tuesday at Proctors Theatre.
The governor says Schenectady was selected from hundreds of applicants across the state. Local officials say this will allow them to continue to transform downtown, as they have been for about the past decade.
"It’s making Schenectady more attractive, so businesses are going to benefit, and we want to see the good things that are happening in our community,” Mayor Gary McCarthy said.
The plan is to use the money to connect the waterfront section of the city to downtown. There is a plan for an installation of walking and biking trails near Jay Street, Erie Boulevard, and Mohawk Harbor, as well as plans to tear down the former Sears building and a blighted Citizens Bank building.
Officials say this will make room for new businesses, such as a large aquatic center.