Lyons has been granted $6.65 million by the state to refurbish a deteriorated section of Canal Street, a move town officials anticipate will significantly boost the community.
The funding, announced by Gov. Kathy Hochul, is part of $112.9 million designated to 70 projects via the Restore New York Communities Initiative, an Empire State Development program aimed at eliminating blight, rejuvenating downtown areas, and driving economic opportunity across New York state.
The Canal Street initiative involves the demolition, “deconstruction,” reconstruction, and rehabilitation of properties amounting to 67,124 square feet, including the creation of 37 residential units, 25 of which will be affordable housing.
Additional funding of $1 million was awarded to the Wayne County Land Bank, collaborating with Lyons on this endeavor, intended for the purchase and potential demolition of four distressed Canal Street properties. Town and Land Bank officials expressed delight at the funding news, believing the initiative will enable a significant transformation of the Canal Street neighborhood. Two of the properties earmarked for redevelopment are dilapidated structures at the end of Canal Street, with the others being on the opposite side and including a former library building.
The long-term vision is to replace these buildings with commercial-use structures featuring upper-level residential units. The town has also received a $20,000 grant to study the best course of action for these buildings.
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