Governor Cuomo Announces Clinton Square As $10 Million Capital Region Winner Of The Third-Round Downtown Revitalization Initiative

September 27, 2018

Today, Governor Cuomo announced Albany’s Clinton Square as a third round recipient of a $10 million Downtown Revitalization Initiative award. As part of the City of Albany’s successful application for Clinton Square, more than $280 million of investment is proposed and more than $80 million is underway in downtown Albany — with the support of Governor Cuomo’s Downtown Revitalization Initiative and the Capital Region Economic Development Council, downtown Albany, and the Region is poised for unprecedented success.

With the support of @NYGovCuomo and the Capital Region Economic Development Council as part of the Downtown Revitalization Initiative’s Round III, downtown #Albany, and the Capital Region is poised for unprecedented success. pic.twitter.com/jdn5WIvbRn — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) September 27, 2018

“The City of Albany already serves as a thriving downtown destination, and this $10 million award will attract even more new businesses, residents and visitors, bringing real change to the neighborhood,” Governor Cuomo said. “As a historic gateway to the heart of the city, Albany’s Clinton Square is an ideal candidate for the Downtown Revitalization Initiative. I congratulate the City of Albany and its leaders for putting together a plan that will have a lasting impact on this deserving community for generations to come.”

“Albany’s historic Clinton Square neighborhood is the front door to our state capital, and this investment will ensure the community can advance significant revitalization projects,” said Lieutenant Governor Kathy Hochul, who made today’s announcement. “The Downtown Revitalization Initiative focuses on creating lasting change in our downtowns with new jobs, businesses, and housing as part of our ongoing efforts to boost local economies across the state. Upstate New York is moving forward like never before, and we are just getting started.”