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Newark wins $10 million in DRI funding

The village of Newark is the latest winner of $10 million dollars in Downtown Revitalization funds.

“Investing in our downtowns is vital to reigniting New York’s recovery,” Governor Kathy Hochul said. “These awards will enhance Rochester, which was also awarded a DRI, and Newark so that locals and visitors alike can enjoy all these areas have to offer. The Finger Lakes is a region brimming with history and attractions and I look forward to seeing how these winners will use their funds to bring their communities to the next level.”

Downtown Newark is a compact, walkable, well-defined, and concentrated area that the village aims to make the heartbeat of a lively, world-class village and the cultural and commercial center of the Finger Lakes region with the Erie Canal serving as the village’s center of commerce. With multiple, large anchor institutions and ongoing job growth, Newark has seen nearly $220 million invested in the village in the last 10 years. A robust public engagement process led the village to identify needs for infill mixed-use development, more housing for workforce and seniors, and new space for indoor recreation and wellness with a focus on utilizing space along the Erie Canal.

Geneva , Penn Yan and Seneca Falls were winners in the first four rounds of DRI funding.