Every project built in Schenectady causes some type of effect. The positive effect of a project needs to touch each resident of the city and county of Schenectady. For instance, when you compare offices to apartments, everybody wins with offices.
Offices can eliminate surplus housing, whereas apartments cannot. Offices can raise housing values whereas apartments cannot. Offices can provide opportunity to improve a resident’s life by providing a job that will get them off welfare and/or Medicaid, whereas apartments cannot.
This is significant because county taxpayers are responsible for 71 percent of housing costs and 13 percent of Medicaid costs for the county. When a person in this situation has their life improved, it touches every Schenectady resident positively.
With the financial sector recovered, as in big banks and Wall Street and the continued building boom in New York City, Schenectady could attract back room and support staff services of major companies.
The reasons are downtown rail service and SCCC. The former, track improvements from Schenectady to New York City, will make the train service faster and more reliable. The new $23 million train station will make boarding and alighting easier.
SCCC can develop any curriculum to provide any company a pipeline of qualified employees. Any corporation that wants personal oversight, Schenectady is the place to be. You can get off the train and walk to the downtown office location for a visit, walk to SCCC to observe the teaching of the curriculum first-hand, and then get back to New York that same day.
All remaining downtown sites must be used for offices, whether from New York or homegrown like Golub Corp. or Transfinders. Also, any property in the vicinity of I-890, Exit 5 Michigan Avenue, that becomes available should be used for businesses only. We are fortunate highway I-890 runs through Schenectady and to our downtown area for easy access.
Even if you have to wait two years for a company, everybody in Schenectady County wins. Like the old clique you must wait for all good things.
Leonard De Masi