Projects Announced in Cohoes, Cambridge, Coxsackie and Kinderhook
Project Renderings Available Here
Governor Kathy Hochul today announced a total of 30 transformational projects for the Capital Region as part of two economic development programs: the Downtown Revitalization Initiative (DRI) and NY Forward. Eleven projects were announced for the city of Cohoes, the Round 6 winner of a $10 million DRI award; five projects were announced for Cambridge, a Round 1 winner of a $2.25 million NY Forward award; seven projects were announced for Coxsackie, a Round 1 winner of a $4.5 million NY Forward award; and seven projects were announced for Kinderhook, also a Round 1 winner of a $2.25 million NY Forward award.
“We’re making transformational investments in downtown revitalization efforts across the state – tapping into what makes each community unique and opening doors of opportunity for residents and businesses,” Governor Hochul said. “By building a vibrant and robust environment for local residents, we are unlocking the potential for our communities to thrive while honoring the history and traditions that make them special.”
Downtown Revitalization Initiative (DRI)
The city of Cohoes was named the Capital Region winner of the sixth round of the Downtown Revitalization Initiative in 2023. All 11 projects selected seek to continue the revitalization of the last decade in Cohoes by developing the unique cultural and historical amenities to become the Capital Region’s small city model for arts, culture and sustainable redevelopment: attracting new residents, businesses and visitors.
New investment combined with past investments will create a robust environment for the rehabilitation and adaptive reuse of historic downtown buildings and infill development that incorporates mixed-income residential opportunities.
The DRI investments are part of the Governor's ongoing efforts to revitalize the economy and create more opportunities in the Capital Region. The DRI is led by the Department of State, which provides technical assistance as each participating community develops a Strategic Investment Plan identifying specific projects with a unique vision for the revitalization of the downtown area.
The specific projects to be funded through the DRI support several goals and strategies contained in the community’s Strategic Investment Plan, such as amplifying the city's unique sense of place with a genuine and authentic experience that will be catalytic for future organic growth and will foster development that is inclusive while embracing its strong heritage and ethnic diversity.
Cohoes joins the communities of Glens Falls, Hudson, Albany, Schenectady, Tannersville, Troy and Lake George, which were the Capital Region’s winners in the first seven DRI rounds.
The $9.7 million state investment in these projects through the DRI will leverage additional public and private investments as the revitalization process proceeds and builds momentum.