NEW YORK STATE DOWNTOWN REVITALIZATION
INITIATIVE: ROUND V
New York State's Downtown Revitalization Initiative (DRI), a cornerstone of the State's economic development program, transforms downtown neighborhoods into vibrant centers that offer a high quality of life and are magnets for redevelopment, business, job creation, and economic and housing diversity. These compact, walkable downtowns are a key ingredient to helping New York State rebuild its economy from the effects of the COVID-19 pandemic, as well as to achieving the State’s bold climate goals by promoting the use of public transit and reducing dependence on private vehicles.
In its fifth year, the program will invest $200 million in up to 20 additional downtowns statewide. Participating communities will be nominated by the state’s ten Regional Economic Development Councils (REDCs) based on the downtown’s potential for transformation. Within each region, the REDC will nominate either two downtowns to receive $10 million each or one downtown to receive an award of $20 million to develop a downtown strategic investment plan and implement key catalytic projects that advance the community’s vision for revitalization.
This application was officially submitted on September 15th, 2021.
Click through the PowerPoint presentation below to learn more about the application and proposed projects.
Direct links to the application and public feedback are below.