Downtown Committee of Syracuse, Inc. Awarded $500,000 New York Main Street Grant to Spur Redevelopment Throughout Downtown
Wednesday, December 13, 2017
Syracuse, NY – The Downtown Committee of Syracuse, Inc. is pleased to announce it has received a $500,000 grant through the New York Main Street program, to continue Downtown’s upward trajectory. The funds will support the redevelopment of properties located within the Heart of Downtown Syracuse, to create connections between existing destinations in the Convention District and Armory and Hanover Squares.
The grant, awarded through the New York State Department of Homes and Community Renewal, will prioritize commercial and residential improvements. Funds will support building renovations and façade improvements to convert remaining vacancies into shopping and dining destinations, new residential addresses and offices, ultimately increasing density and street-level activity. This is the Downtown Committee’s sixth award through this program.
Since 2010, more than $650 million has been invested in redevelopment projects throughout Downtown Syracuse, including more than $118 million in Armory Square and - most recently, in the Convention District - $76 million for the rebirth of the Hotel Syracuse as the Marriott Syracuse Downtown. This round of New York Main Street funds will target the Salina and Warren Street corridors between these two areas, activating underdeveloped properties to continue the momentum fueling Downtown’s resurgence.
Downtown Syracuse is currently the home of 3,600 residents and 28,000 employees that work in Downtown Syracuse. Each year, arts and cultural events, festivals and conferences attract more than five million visitors.
“The New York Main Street program is an effective tool to continue the momentum and support developments that create excitement around Downtown Syracuse as a vibrant destination,” said Merike Treier, executive director of the Downtown Committee of Syracuse. “We’re excited to work with our property owners to catalyze projects and ensure Downtown Syracuse is more accessible, pedestrian friendly, and attractive to residents, visitors and employees. New York Main Street aligns with our mission to revitalize Downtown Syracuse and preserve its charm, while activating underutilized buildings.”
The Downtown Committee is the most-awarded organization in Central New York for this grant program and has administered five previous New York Main Street grant programs. Early next year, the Downtown Committee will hold an informational meeting for eligible Downtown property owners to ensure they are aware of how to apply for funding. For more information about the New York Main Street program, please visit the New York State Homes and Community Renewal website. For more information about the Downtown Committee and its programs and services, please click here.