Government and Politics
May 17, 2024
From: New York Governor Kathy Hochul$19 Million to Fund Projects in Johnson City, Montour Falls and Waverly
Project Renderings Available Here
Governor Kathy Hochul on May 17th, announced a total of 30 transformational projects for the Southern Tier region as part of two economic development programs: the Downtown Revitalization Initiative (DRI) and NY Forward. Fifteen projects were announced for the Village of Johnson City, the Round 6 winner of a $10 million DRI award; six projects were announced for the Village Montour Falls, a Round 1 winner of a $4.5 million NY Forward award; and nine projects were announced for the Village of Waverly, also a Round 1 winner of a $4.5 million NY Forward award.
“The Downtown Revitalization Initiative and NY Forward programs provide vital support for New York’s downtowns,” Governor Hochul said. “This funding for the Southern Tier will help communities carry out their plans to enhance the quality of life for New Yorkers, draw visitors, and spur economic opportunity in their downtowns, helping the next generation of New Yorkers thrive.”
Downtown Revitalization Initiative (DRI)
Johnson City was named the Southern Tier’s winner of the sixth round of the Downtown Revitalization Initiative in 2023. The 15 projects selected seek to preserve and restore historic assets, create new housing opportunities for residents, and continue to develop the unique sense of place in downtown Johnson City.
New investment combined with past investments will create a robust environment for the rehabilitation and adaptive reuse of historic downtown buildings and infill development that incorporates mixed-income residential opportunities.
The DRI investments are part of the Governor's ongoing efforts to revitalize the economy and create more opportunities in the Southern Tier. The DRI is led by the Department of State, which provides technical assistance as each participating community develops a Strategic Investment Plan identifying specific projects with a unique vision for the revitalization of the downtown area.??
The specific projects to be funded through the DRI support several goals and strategies contained in the community’s Strategic Investment Plan, such as amplifying the city's unique sense of place with a genuine and authentic experience that will be catalytic for future organic growth and will foster development that is inclusive while embracing its strong heritage and ethnic diversity.
Johnson City joins the communities of Elmira, Watkins Glen, Owego, Hornell, Endicott, and Norwich, which were the Southern Tier’s previous winners of the DRI program.
The $9.7 million State investment in these projects through the DRI will leverage additional public and private investments as the revitalization process proceeds and builds momentum.
The 15 DRI projects, totaling $9.7 million, include:
NY Forward
Building on the momentum of the State's successful Downtown Revitalization Initiative (DRI), the $100 million NY Forward program adopts the same "Plan-then-Act" strategy as the DRI to support a more equitable downtown recovery for New York's smaller and rural communities. NY Forward investments are part of the Governor's ongoing efforts to revitalize the economy and create more opportunities in the Southern Tier.
The 9 Waverly NY Forward Projects, totaling $4.5 Million, include:
The 6 Montour Falls NY Forward Projects, totaling $4.5 Million, include:
Acting New York Secretary of State Brendan C. Hughes said, “These 30 projects, focusing on factors like walkability, additional housing, enhanced streetscapes and transforming old buildings into vibrant mixed-use establishments, are the perfect combination for revitalizing any downtown. Congratulations to our Southern Tier communities on coming together and planning out a vision for the future. The Department of State looks forward to working with you and we thank Governor Kathy Hochul for her continued support of these two programs.”
Empire State Development President, CEO and Commissioner Hope Knight said, "These dynamic, community-led Downtown Revitalization Initiative and NY Forward investments will further fuel the economic engines needed to support local businesses and foster economic growth. The transformational and inclusive plans will infuse new life into the Johnson City, Montour Falls and Waverly communities, creating dynamic spaces and places that will benefit both current and future generations of residents."
HCR Commissioner RuthAnne Visnauskas said, "Today's investments in Johnson City, Montour Falls, and Waverly continue the Downtown Revitalization Initiative and NY Forward's history of having a transformative impact on communities across New York. By investing in these 30 projects, which include creating 140 new apartments in Johnson City, we will increase housing supply, improve walkability, and enhance community attractions in all three communities. Thank you to Governor Hochul for her continued commitment to targeted investments that create opportunities across New York."
Southern Tier Regional Economic Development Council Co-Chair, Executive Director, Schuyler County Partnership for Economic Development (SCOPED), Judy McKinney-Cherry said, “The STREDC is incredibly proud to continue our support for Johnson City, Montour Falls and Waverly and their promising futures thanks to the Governor's Downtown Revitalization and NY Forward Initiatives. These targeted, community-driven projects will benefit both residents and visitors alike, promoting economic growth and creating more vibrant downtowns where people will want to live, work, and play for generations to come.”
State Senator Tom O'Mara said, "The Downtown Revitalization Initiative and NY Forward programs have had an enormously positive impact on communities I represent across the Southern Tier and Finger Lakes regions. These critical state investments have helped our local communities and leaders move forward on projects to bolster local economies, spark economic growth and opportunity within the tourism sector and other small businesses and industries, ease the burden on local property taxpayers, and strengthen the overall quality of life for community residents and families."
Assemblymember Donna Lupardo said, “The DRI and NY Forward initiatives provide resources that are often lacking for our downtowns. As a member of the Southern Tier Regional Economic Development Council, I know first hand the good that has come from investments like these around the region. I’m pleased to see the DRI plans that were announced for the Village of Johnson City today. This long anticipated work will complement developments that have already occurred nearby, from the restored Victory Building to Binghamton University's Health and Sciences Campus and UHS’s new Wilson Tower. I’d like to thank everyone who played a role in helping Johnson City reimagine its downtown.”
Assemblymember Christopher Friend said, “I am delighted to extend my heartfelt congratulations to Waverly on receiving NY Forward funding. This significant achievement reflects the hard work and dedication of our community members, local leaders, and supporters. The funding will not only bolster our local economy by making it easier for businesses to thrive but also enrich the quality of life for all residents by providing beautifully upgraded parks and maintain historical charm. I am confident that these improvements will have a lasting positive impact on the community. Thank you to everyone who has contributed to making this possible. Together, we are building a stronger, more vibrant community.”
Broome County Executive Jason Garnar said, “Much of the growth that Broome County has seen over the past few years has happened in Johnson City, and the exciting projects announced on May 17th, for their Downtown Revitalization Initiative will make Johnson City an even better place for families to live, work, and play. Thank you to Governor Hochul, Senator Webb, and Assemblywoman Lupardo for delivering the critical funding needed to make these projects happen right in the heart of Broome County.”
Village of Johnson City Mayor Martin Meaney said, “I want to thank Governor Hochul for the continued funding of this very important and vital program. We are excited and can’t wait to see the transformation of our downtown now that the DRI projects have been awarded. Johnson City has been experiencing a period of growth and renewal and theses needed funds will allow this growth and revitalization to continue. We know that many of these transformative projects were just concepts and dreams that will now become a reality thanks to the DRI.”
Village of Montour Falls Mayor James Ryan said, “These transformative projects approved by the Local Project Committee and our state partners will now advance to the project sponsors implementing their economic investment into our community, building for the next generation.”
Village of Waverly Mayor Andrew Aronstam said, “Waverly is extremely excited and grateful for the generous support we received from NYS in the form of $4.5 million dollars. This money will be used for both public and private projects that will greatly improve the infrastructure and business opportunities in Waverly. The nine projects represent a true collaboration between state and local government. Our sincere thanks go out to Gov. Hochul for this demonstration of her support for small town New York.”
About the Downtown Revitalization Initiative and NY Forward
The Downtown Revitalization Initiative (DRI) and NY Forward are cornerstones of the state’s economic development policy. The Downtown Revitalization Initiative was created in 2016 to accelerate and expand the revitalization of downtowns and neighborhoods in all ten regions of the state to serve as centers of activity and catalysts for investment. NY Forward was created in 2022 to revitalize smaller and rural communities throughout the state so that all communities can benefit from the state’s revitalization efforts, regardless of size, character, needs and challenges. Led by the Department of State—with assistance from Empire State Development, Homes and Community Renewal, and the New York State Energy Research and Development Authority—the DRI and NY Forward represent an unprecedented and innovative "plan-then-act" strategy that couples strategic planning with immediate implementation. Both programs are creating a critical mass of vibrant downtowns in every region of the state that is enhancing economic development, promoting quality of life, fostering socio-economic development, and achieving the state’s bold climate goals.
In the first seven rounds of the DRI, the state has committed $800 million, investing in 81 downtowns ripe for revitalization that have the potential to become magnets for redevelopment, business, job creation, greater economic and housing diversity and opportunity. In the first two rounds of NY Forward, the state has committed $200 million, investing in 43 smaller and rural downtowns.
With the Governor’s commitment this year of an additional $100 million each for the Downtown Revitalization Initiative and NY Forward, the State has now invested a combined total of $1.2 billion in both programs since their inception, serving 124 communities combined.