Schenectady to get $2.5M to renovate Center City Sportsplex

Schenectady will receive a $2.5 million grant from the state’s Restore-NY Communities Initiative to
PHOTOGRAPHER:

Schenectady will receive a $2.5 million grant from the state’s Restore-NY Communities Initiative to repair the Center City building on State Street.

The city will use the grant toward renovations of the 170,000-square-foot Center City at 415-419 State St., the Governor’s Office announced today.

The Galesi Group is in the process of buying the building, which is directly across the street from Proctors, and will contribute $2 million toward its renovation.

“This will give us the capital to restore the building and put it on the tax rolls,” said Ray Gillen, chairman of the Metroplex Development Authority. Metroplex will take over the parking lot in the building’s rear.

The state Legislature established the three-year, $300 million Restore-NY Communities Initiative in the 2006-07 State budget. Grants are awarded on a competitive basis to municipalities to demolish or rehabilitate qualified commercial or residential structures, making these cleared or restored sites attractive to residents and businesses, according to state officials. Under the program, $50 million was distributed in 2006-07, $100 million this year and $150 million available in 2008-09.

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