Waterloo officials are pursuing a plan to replace the aging municipal building at 41 W. Main St., which has housed village offices and the Police Department for 65 years. The proposal involves demolishing the current structure and leasing space in a new three-story, mixed-use building, avoiding a tax increase.
Mayor Walt Bennett announced the village’s application for a $1 million Restore NY grant to fund demolition. The plan, developed with Construction Design Management Inc., would create a $14 million facility with village offices on the first floor, 16 apartments on the upper floors, and police parking in the basement. Annual lease costs, estimated at $100,000, could be covered through Waterloo’s share of county sales tax revenue.
Even if the grant is denied, Bennett said alternative funding is being considered, with a goal of revitalizing the downtown area through this public-private partnership.
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