State and local officials got a look Monday at an 19th century hotel “cottage” a private developer plans to turn into upscale condos with the help of a $500,000 state grant.
“This money you have given us will make that a reality,” said Michelle Curran, co-owner of the sprawling 2 1/2 story, wooden building that is the last remaining of four cottages associated with the former Pavilion Hotel when the village was a bustling mineral springs tourist town in the 19th and early 20th centuries.
The funding was announced last week as part of $5.6 million in Restore NY grants awarded to projects in Fulton, Montgomery and Schoharie counties. About $100 million was awarded statewide.
Although the state money, provided through a village of Sharon Springs application, will help a private investor develop saleable property, state Sen. James L. Seward, R-Milford, and Assemblyman Peter Lopez, R-Schoharie, said the goal is to restore the local community through incentives to developers.
“The idea is to use the state money as really seed money for private investment,” Seward said.
“If we didn’t have people willing to take the risk, the state money is wasted,” Lopez said about the Restore NY program.
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