Downtown Utica property get funding for rehab work


UTICA - Utica is getting $1 million to help it rehabilitate two historic buildings into mixed-use properties.

The money will go towards the renovation the former Security Building at 120-126 Bleecker St. and the New Century Club at 253 Genesee St. It is part of Gov. Andrew Cuomo's Restore New York Communities Initiative, which supports municipal revitalization efforts across the state.

Mayor Robert Palmieri wasn't immediately available to comment.

The Security building, which has sat empty for almost 10 years, was purchased for $1 by Syracuse-based Bowers Development LLC in July. The company also bought the New Century Club for $10,000.

Both buildings need extensive work and environmental remediation for things like asbestos, but some work has taken place at both sites.

Attempts to reach the company were unsuccessful, but company representatives said at a July meeting of the city's Urban Renewal Agency that the Security Building could be entirely dedicated to commercial office space and that they have been in contact with interested parties such as a financial institution and an environmental consulting firm.

Plans for the New Century Club, meanwhile, could include building out the interior based on tenant commitments and there have been conversations with several parties such as law firms, an insurance company and an education center.

"This program will help continue the rebirth of Utica's downtown, helping to attract more residents and businesses to the neighborhood," state Assemblyman Anthony Brindisi said in an emailed statement.

Other area municipalities receiving grants, according to a news release from the governor's office, are:

* The Wood and Steel Cable Complex in Rome: $500,000

* Yesterday's Royal rehabilitation in Sylvan Beach: $500,000

"A key factor in revitalizing our communities is to help local municipalities foster the kind of economic development that can attract commercial investment, create jobs, and encourage residential growth," state Sen. Joseph Griffo, R-Rome, said in a statement, and so I am pleased that the latest round of Restore New York grants will benefit communities in the Mohawk Valley and North Country."

Photo Source: http://Uticaod
Source: http://www.uticaod.com/news/20170126/downtown-utica-property-get-funding-for-rehab-work

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