The Local Planning Committee has plenty of options when it comes to choosing projects to recommend for a slice of the $10 million earmarked for the Penn Yan Downtown Revitalization Initiative.
The committee has received more than 40 proposals for projects that include major renovations to some of downtown Penn Yan’s historic buildings and smaller projects to enhance parks and public spaces.
Thirty-two applications seek a total of nearly $31 million in state funding to apply to projects with total costs of nearly $68 million. Ten more projects that are eligible for future building funds have applied for nearly $670,000 in state grant funds for building renovations totalling over $1.74 million.
Not all of the projects will be approved for funding, and Chris Bauer of the New York State Department of State says no one project will be awarded more than half of the village’s allotment. He said the largest project grant in any DRI across the state has been for $4 million, and he doesn’t expect to see any higher than that.
The committee will spend time reviewing all the project proposals and have a draft proposal prepared for state officials review by January.
The list of proposed projects includes plans for 75 apartments, 18 single family condominiums, three new restaurants, one improved restaurant, a speakeasy, a brewery, 19 new or improved commercial spaces and improvements to parks, trails, streetscapes, signage, and public conveniences.