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Waterloo wins Finger Lakes region’s DRI contest

The Village of Waterloo has been awarded a $10 million Downtown Revitalization Initiative (DRI) grant by the state. This funding aims to transform its historic downtown into a dynamic center, enhancing its appeal to both tourists and year-round residents. The grant will support a variety of projects including housing improvements, better transit options, and the creation of public spaces for entertainment and cultural activities.

This significant investment is part of the state’s ongoing efforts to stimulate long-term growth in key communities across the Finger Lakes region, including Geneva, Batavia, and Rochester. Waterloo’s plan focuses on leveraging this investment to further catalyze the city’s revitalization efforts, already underway, and align with the strategic vision for its downtown area.

With the DRI grant, Waterloo is set to develop a Strategic Investment Plan, guided by a Local Planning Committee and supported by state planners and private sector experts. This plan will detail the economic development, transportation, housing, and community projects that will use the DRI funds to rejuvenate Waterloo’s downtown, aiming for completion in 2024. This initiative marks a significant step towards revitalizing Waterloo’s downtown, promising a brighter future for its residents and businesses.