“Schenectady has worked to revitalize its downtown and transform Mohawk Harbor into a waterfront destination, and this significant funding will fuel momentum for continued growth,” said Lieutenant Governor Kathy Hochul. “The $10 million as part of the Downtown Revitalization Initiative will build on development and investments in the city, linking downtown to lower State Street and Mohawk Harbor ensuring enhanced connectivity and creating a more walkable community. The DRI will further strengthen the economy, create new and improved opportunities for residents, and support long-term growth and success in Schenectady, the Capital Region and across the State.
The City of Schenectady’s DRI area is anchored by Proctors, one of the Capital Region’s largest arts and entertainment facilities, and extends along Erie Boulevard to the recently revived Mohawk Harbor, encompassing a corridor rich with entertainment, education, office, retail, and residential amenities. In recent years, Schenectady has transformed its downtown district with strategic investments in and around Proctors, expanded its targeted development efforts to the Mill Artisan District on Lower State Street, and spearheaded the development of a waterfront destination at Mohawk Harbor. The City now envisions linking these anchor attractions and will apply the DRI award towards creating a cohesive, dynamic downtown that connects the city core to waterfront amenities.
The Capital Region Economic Development Council went through a competitive review process of proposals from communities throughout the region and considered all seven criteria below before recommending Schenectady as its nominee for winner: