Governor Cuomo Announces Transformational Projects for Owego as Part of $10 Million Downtown Revitalization Initiative Award

17 Downtown Revitalization Projects Build Upon Community's Assets

August 8, 2019

 Investment Complements "Southern Tier Soaring" - The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy

Governor Andrew M. Cuomo today announced 17 transformational projects for Owego as part of the $10 million Downtown Revitalization Initiative award. The strategic investments in downtown Owego will build upon the community's assets, including a historic core with crucial civic and cultural uses, a strong and growing arts and business community, access to local and regional tourist attractions, and well-established and historic residential neighborhoods surrounding the downtown core. The investments are part of the Governor's ongoing efforts to revitalize the upstate economy and create more opportunities for the Southern Tier.

"These projects will transform Owego's downtown by enabling the community to enhance its public spaces, create employment opportunities and further diversify the local economy," Governor Cuomo said. "This Southern Tier city's historic neighborhoods and cultural spaces are ripe for a revitalization, and the Downtown Revitalization Initiative will be instrumental in bringing economic growth and improved quality of life to the area." 

"The Village of Owego is full of history and charm with a walkable downtown and amenities along the riverfront," Lieutenant Governor Kathy Hochul said. "This funding for 17 projects as part of the Downtown Revitalization Initiative will enhance cultural and recreational offerings, add affordable and resilient housing, and increase employment opportunities in the area. The investment is part of our overall efforts to accelerate growth in the Southern Tier with the creation of new jobs to strengthen the local economy now and in the future."

Owego was named a DRI Round 3 winner in August 2018. The Village of Owego is a charming riverfront community that serves as a gateway to acclaimed institutions, attractions, and employers of the Finger Lakes and Southern Tier. The village's compact and walkable downtown contains year-round amenities that contribute to a high quality of life, including parks, cultural attractions, a historic commercial district, and walking paths that connect to the river. The Village will leverage DRI funds to build upon recent public and private investment in downtown buildings and infrastructure, growing employment opportunities and a strong tourist economy. The DRI effort will boost the local economy by attracting new and strengthening existing business and skilled labor, enhancing cultural and recreational amenities, and addressing the demand for affordable and resilient housing for residents of all ages and income levels.

Read the full release here.