The village of Newark’s Downtown Revitalization planning committee has cut down to seven the number of projects it will submit to the state for possible funding.
What happens next in DRI process?
The Finger Lakes Times quotes Mayor Jonathan Taylor as saying the final decision is up to state officials, including Governor Kathy Hochul. Taylor is a member of the DRI planning committee, which has spent the last four months reviewing proposals. At its last meeting July 13, the committee cut two projects from the list. One was a new municipal building on the Erie Canal. The other was a proposal to redevelop the former Newark Hospital for senior housing.
The state asks communities to submit a list of projects costing no more than $15 million. Each DRI community gets $10 million to fund the final llist of selected projects.
What projects will be submitted to the state for funding?
LaBella Associates of Rochester, the village’s DRI consultant, says funding requests for each of the seven projects will be revealed at a virtual meeting of the committee on Wednesday. The seven projects to be submitted to the state are:
- A 98 room hotel with a seven thousand square foot banquet and conference center at a cost of $18.3 million.
- An 82,358 square foot health and wellness center at a cost of $16.7 million.
- The conversion of the former Sara Coventry manufacturing facility into 100 apartments at a cost of $41 million.
- Revitalize the Canal Port, a project to make improvements to the docking facilities on the canal, and the addition of an amphitheater and canoe/kayak launch at a cost of $2.6 million.
- Five short-term rental units at 113 Maple Court with two electric vehicle charging stations at a cost of $595,000.
- A new brewery and outdoor beer garden at a cost of $214,000.
- The redevelopment of the former Newark Hospital at 112 West Miller St. into eight apartment units at a cost of $2.6 million.
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