Chenango IDA awarded grant for rail revitalization
NORWICH – The County of Chenango Industrial Development Agency (CCIDA) has been awarded $772,422 in funding from the New York State Department of Transportation to revitalize the Utica Main Line railroad.
The application, submitted in early November, sought $4,724,000 in funding from NYSDOT, which would have covered 90 percent of the cost to repair sections of the line that were damaged by floods in June 2006, and to replace deficient cross-ties where identified along the length of the line. The Utica Main Line’s operator, Cooperstown-based New York Susquehanna and Western Railroad (NYS&W), would be responsible for 10 percent, or nearly $525,000 of the total project cost.
The CCIDA will begin seeking additional funding commitments from federal and other sources as soon as possible to determine what portion of the original project budget can be completed, and on what timeline. Estimates for repairs to reopen the line (rather than restore it to Class II service) were approximately $1.7 million, which is a manageable first step towards the ultimate restoration of service at a higher Class II rating.
Governor Cuomo announced financial awards that will allow for the enactment of these plans. The Southern Tier Region (which Chenango is a part of) received $49.4 million for their economic development proposal. Other counties included; Broome, Chemung, Delaware, Chemung, Schuyler, Steuben, Tioga and Tompkins. In total, $785.5 million was awarded for 720 projects throughout New York State.
Other Southern Tier awards announced today that could impact Chenango County include Southern Tier regional council projects such as the “Community Revitalization Project” (a fund to assist private investors redevelop properties in downtown areas), the Rural Initiative Venture Fund (a fund for start-ups and small business expansions); and funding for shovel ready site development in the region.
For more information about the Chenango County Rail Revitalization or other CCIDA projects, contact the IDA at 334-1400, or visit their website at www.chenangony.org/ecodev.
The application, submitted in early November, sought $4,724,000 in funding from NYSDOT, which would have covered 90 percent of the cost to repair sections of the line that were damaged by floods in June 2006, and to replace deficient cross-ties where identified along the length of the line. The Utica Main Line’s operator, Cooperstown-based New York Susquehanna and Western Railroad (NYS&W), would be responsible for 10 percent, or nearly $525,000 of the total project cost.
The CCIDA will begin seeking additional funding commitments from federal and other sources as soon as possible to determine what portion of the original project budget can be completed, and on what timeline. Estimates for repairs to reopen the line (rather than restore it to Class II service) were approximately $1.7 million, which is a manageable first step towards the ultimate restoration of service at a higher Class II rating.
Governor Cuomo announced financial awards that will allow for the enactment of these plans. The Southern Tier Region (which Chenango is a part of) received $49.4 million for their economic development proposal. Other counties included; Broome, Chemung, Delaware, Chemung, Schuyler, Steuben, Tioga and Tompkins. In total, $785.5 million was awarded for 720 projects throughout New York State.
Other Southern Tier awards announced today that could impact Chenango County include Southern Tier regional council projects such as the “Community Revitalization Project” (a fund to assist private investors redevelop properties in downtown areas), the Rural Initiative Venture Fund (a fund for start-ups and small business expansions); and funding for shovel ready site development in the region.
For more information about the Chenango County Rail Revitalization or other CCIDA projects, contact the IDA at 334-1400, or visit their website at www.chenangony.org/ecodev.
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