Local officials expect to hear the announcement of the final awards in Penn Yan’s Downtown Revitalization Initiative grant (DRI) from Gov.Andrew Cuomo’s office any day now. In the previous two weeks, the DRIs for the other recipients, Lockport, Auburn, Brooklyn, and Islip, were announced, leaving Penn Yan on tenterhooks.
Last summer, Lt. Gov. Kathy Hochul came to Penn Yan to announce that the village had been selected to receive $10 million in funding to transform the village’s downtown.
In March, the Local Planning Committee for the Downtown Revitalization Initiative completed its recommendations for $15 million in funding for projects totaling $24.6 million, to state officials for a final decision. The final state recommendations for spending $9.7 million of the total $10 million award ($300,000 was earmarked for the committee work and consultant fees) have been anticipated all summer.
From the time the local committee began working with consultants, around 1,500 people attended meetings and participated in surveys as part of the process to finalize the recommendations. Applications were submitted for 40 projects seeking almost $32 million in funding in December. Those original applications included plans for 75 apartments, 18 condominiums, new restaurants, 19 new or improved commerical spaces along with improvements to parks, trails, streetscapes, signage, and public conveniences.