Thursday July 14, 2016

BREAKING NEWS: City of Oswego Receives $10 million for downtown revitalization

Gov. Andrew Cuomo deliver favorable news Thursday in Port City
By Lou Sorendo

    The city of Oswego is $10 million richer today.

    Gov. Andrew Cuomo announced that the city of Oswego has been selected as a winner of the $10 million Downtown Revitalization Initiative in the Central New York Region.

    He made the announcement Thursday at the Lake Ontario Conference Center in Oswego.

    The Downtown Revitalization Initiative, first laid out in the governor's 2016 State of the State address, marks a comprehensive plan to transform local neighborhoods into "vibrant communities where the next generation of New Yorkers will want to live and work," according to the governor's office website.

    The plan focuses on the redevelopment of the city's Midtown Plaza, improvement and development of the Children's Museum of Oswego and the establishment of an Oswego Business Incubator Center, according to The Associated Press.

    The winner was selected as part of a competitive process by the state's Central New York Regional Economic Development Council and will receive $10 million in state funding to revitalize local neighborhoods and "generate new opportunities for long-term growth and prosperity," the website adds.

    The award includes up to $300,000 in planning funds for private sector experts to work with a local planning committee to draft a strategic investment plan that will identify specific economic development, transportation, and housing and community projects, the website said.