Governor Cuomo Announces $22 Million To Support Revitalization Projects In Downtown Albany And Surrounding Communities

Posted to Applied Web NY on Thu, 05/16/2019 - 12:20

Governor Andrew M. Cuomo today announced more than $22 million in state funding to support two transformational projects in Downtown Albany. Empire State Development will provide up to $15 million to Capitalize Albany to create a mixed-use neighborhood in Liberty Park, a site formerly selected as the location for Albany's convention center. ESD will also provide up to $7.3 million to Capital District Transit Authority to support construction of its Bus Rapid Transit Line. Additionally, Governor Cuomo announced a new task force of state and local economic development and transportation stakeholders to study the potential for a new intermodal center on the property adjacent to Liberty Park that would support both projects.

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