SUNY Broome Culinary Arts Center

SUNY Broome converted the former Carnegie Library downtown into a brand-new Culinary Arts Center. The new center offers degrees in Restaurant, Events, Lodging and Casino Management. “I anticipate that we are going to be housing culinary arts and events students that are going to be close to that facility, perhaps in walking distance. I anticipate that it will become a destination area,” said Rey Wojdat, Culinary Events Center Assistant to Dean.

The Adeline Wright-Graham Boys & Girls Club

The Adeline Wright-Graham Boys & Girls Club (Boys and Girls Club of Schenectady NY): The new location is expected to serve many as 300 children daily from the Hamilton Hill and Mont Pleasant neighborhoods, replacing the former building on Craig Street. Includes a theater as well. 62,000 SQUARE FEET, 481 students. ‘This much-needed new facility for the Boys & Girls Clubs of Schenectady will continue the transformation of the Hamilton Hill and Mont Pleasant neighborhoods and will ensure that these children have the educational, social, and economic opportunities that all New Yorkers deserve,’ Commissioner Visnauskas said. ‘We are grateful to our many community partners who have invested in the project and we look forward to seeing the kids enjoying the new facility when it is complete.’

Rego Park Aldi

One of five small loans in the amount of $2 million or less to: (i) finance the construction and renovation of five ALDI food stores in various regions of New York State; (ii) purchase equipment for the new stores; and (iii) pay related costs. The five stores will be located in Ilion, Massena, Gates, Harlem and Rego Park.

Massena ALDI

One of five small loans in the amount of $2 million or less to: (i) finance the construction and renovation of five ALDI food stores in various regions of New York State; (ii) purchase equipment for the new stores; and (iii) pay related costs. The five stores will be located in Ilion, Massena, Gates, Harlem and Rego Park. An official of Bergmann, the engineer firm that worked on the new Massena store, told village Planning Board members in May that the new store would be 19,455 square feet. That’s about 5,000 square feet larger than the Smith Road location. It also features a new look that Aldi officials have been incorporating into their new stores, with open ceilings, natural lighting and environmentally friendly building materials.

Hornell Medical Village at St. James Hospital Medical

The Project involves the fit out and equipping of 17,000 square-feet of medical office space, in a portion of a medical office building that St. James Hospital is leasing from a private developer. The Project is located at 7100 Route 70A, a highly distressed area of Hornell, NY. Total Project cost is expected to be approximately $8,600,000. ESNMC proposes to make a suballocation of up to $8,000,000 in federal New Market Tax Credits (NMTC) to assist in the financing of the Project. The remainder of the Project costs will be contributed by a contribution by St. James Hospital. The Project is expected to retain 73 jobs and create 12 new jobs.

Harlem Gallery of Science

Science and Arts Engagement New York (SAENY) is a nonprofit organization committed to increasing the representation of young men and women of color age 15 to 25 in the science, tech, engineering, art and mathematics (STEAM) fields. SAENY will construct a 20,000-square-foot Harlem Gallery of Science that will include exhibition, creative, events and commercial space as well as a café. The new gallery, which will offer interactive STEAM exhibits, will attract an estimated 215,000 visitors annually. The location is the former Taystee Building, which is under construction. The gallery build out will be completed by mid-2019 and fully operational by the middle of 2020.

Gates Aldi

One of five small loans in the amount of $2 million or less to: (i) finance the construction and renovation of five ALDI food stores in various regions of New York State; (ii) purchase equipment for the new stores; and (iii) pay related costs. The five stores will be located in Ilion, Massena, Gates, Harlem and Rego Park. This loan was used to renovate a store in Gates.

The Thin Man Brewery

The purchase of equipment and working capital related expenses related to the expansion of a woman-owned local brewery.

Ellicott Station Project

Construction, renovation, partial demolition, and reconstruction to a former factory building to be converted to a mixed use facility with commercial and residential tenants (“Ellicott Station” or the “Project”). Ellicott Station is a key economic development project in Batavia, Genesee County and downtown Batavia. It is a designated a Strategic Brownfield Opportunity Area Strategic Site (“BOA”) that, if redeveloped, will have a catalytic impact on downtown Batavia and adjacent distressed residential neighborhoods. However, Ellicott Station is on a contaminated brownfield site that needs to be remediated before it is redeveloped. The contamination not only adds to the cost of the Project, but it also increases the risk for some banks. Consequently, the rates offered by banks are higher and the rate of return on the Project, with added cleanup costs, is not favorable. The City applied to ESD for funding to offset the costs associated with the redevelopment and remediation to make the Project financially feasible for the developer. In addition, the infusion of Restore NY funds, which have been awarded to the Project, will provide confidence to banks and others to invest in the Project by spreading and reducing the risk. This funding will further the on-going strategy to build and sustain healthy neighborhoods by leveraging a variety of public and private resources. The $20M project features the reuse of an existing factory structure as both an entertainment destination and production facility focusing on a locally inspired brewery, outdoor beer garden and complementary office and retail space. Plans also include two newly constructed mixed use structures and associated parking.
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