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Governor Hochul Announces 11 Transformational Projects for Chinatown as Part of $20 Million Round 5 Downtown Revitalization Initiative

Eleven Downtown Revitalization Projects Enhance Its Cultural and Economic Vibrancy, and Provide Health, Wellness and Business Opportunities

Renderings of Projects Available Here

Governor Kathy Hochul today announced eleven transformational projects in Chinatown as part of its $20 million Downtown Revitalization Initiative Award. In Round 5 of the Downtown Revitalization Initiative, the Regional Economic Development Councils had the opportunity to award two communities $10 million each or one community $20 million. The New York City Regional Economic Development Council chose to award Chinatown a $20 million award in recognition of the specific and acute effects of the pandemic on Chinatown's businesses and the wider Asian diaspora in New York City. With these revitalization projects, this historic community can thrive again and open its unique corridors, restaurants, businesses, parks and cultural institutions, becoming, once again, a place to visit and celebrate the ethnic diversity of the Chinatown community in the Lower East Side.

"This announcement marks a historic moment for Chinatown's community," Governor Hochul said. "These critical investments will transform the neighborhood and create a more vibrant and inviting destination for locals and visitors alike, while enriching the neighborhood by improving foot traffic, economic and cultural activity."

Chinatown is an ethnically diverse neighborhood in Manhattan that contains the largest Chinese population in an urban area outside of China, as well as residents of Latin America, Italian and Eastern European Jewish descent and other backgrounds. The community prides itself on its diversity and broad array of cultural attractions, experiences and services The Chinatown Downtown Revitalization Initiative (DRI) Strategic Investment Plan is focused on improving the quality of life and economic vibrancy for residents and visitors and building on its history as a cultural destination. Through the DRI, Chinatown is creating welcoming landmarks, streetscapes and public spaces to draw visitors and encourage more foot traffic, and economic and cultural activity. Additionally, the awards will establish a community health and wellness center, provide childcare and a family support center, a culinary arts center and a cultural welcome center.

The investments are part of the Governor's ongoing efforts to revitalize the downstate economy and create more opportunities within New York City. 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—improved streetscape connectivity and public gathering spaces; increased health, wellness and business opportunities; and enhanced cultural destinations and amenities. The $20 million State DRI investment in these projects will leverage additional public and private sector investment as the revitalization process proceeds and builds momentum.

Read the full press release here.