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Cuomo Calls For $100 Million “Downtown Revitalization” Competition

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Governor Andrew Cuomo is calling for a $7 billion dollar investment in Upstate New York this year.

Cuomo was in Rochester Tuesday afternoon outlining some of his proposals that he will roll out in his State of the State address next week.

Part of his plan includes a new $2 billion economic development proposal, including another competition.
Cuomo is calling for a $100-million dollar “Downtown Revitalization” competition.

Cuomo is calling for a $100-million dollar “Downtown Revitalization” competition.

10 communities will get $10-million each for projects that will attract and retain residents, visitors, and businesses in the heart of their communities.

The City of Cortland is poised to tap into the funding. Local leaders have proposed a flagship hotel to be built downtown. The $25 million dollar project calls for a five-story 100 room hotel with an attached parking garage.

Supporters say the downtown hotel would allow visitors to stay overnight and further support local spending.

Cuomo’s Upstate Plan includes an additional $100-million for a total of $300-million for water and infrastructure projects in upstate.

The City of Cortland has applied for additional funding to support water and sewer upgrades along Clinton Avenue as part of a gateway enhancement project to steer traffic off the interstate and into downtown.

Cuomo’s proposed economic development package includes $300 million in tax cuts for small business.

The Governor is also asking for $750-million to fund the sixth round of the Regional Economic Development grant competition.

The State Legislature to include the spending in the 2016 budget.

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