The City of Albany is well planned and prepared to leverage public funding opportunities for high impact community and economic development projects. In the past 15 years, the City of Albany has demonstrated a track record of maximizing state and federal funding to result in transformational development projects. Years of strategic planning has produced a sequence and culmination of meaningful investment and development in our downtown, college and university districts, neighborhood commercial corridors and in our most distressed residential communities.
As New York’s Capital City, we act as a driver for the region’s healthy economy, as well as creating vital investment and job opportunities. While the Capital Region is slightly insulated from the worst of the national economic crisis, Albany faces severe problems that many historic, aging urban areas face. If this is not addressed immediately the consequences could be devastating.
These challenges include aging infrastructure including roadways, water and sewer services; a disproportionate level of tax-exempt property; neighborhood blight such as vacant and abandoned buildings, which contributes to public safety problems. The following report provides a brief synopsis of projects that are recommended for stimulus funding that would have a catalytic effect on the local community. These projects are derived from careful planning and meet the definition of shovel ready.
Recommendations were based on projects that meet the general eligibility requirements of federal stimulus funding as defined in the Federal Economic Recovery Act. For more information on New York’s program, go to www.economicrecovery.ny.gov. Public input is welcome on this process.
To make a comment or recommendation regarding a City of Albany project, please email development@ci.albany.ny.us with project name, location, description, cost, contact name, email and telephone number.
To download a copy of the Priority Projects Report, please click here.
For a copy of the Media Advisory, please click here.