IDA receives provisional approval of $4.718M to revitalize Utica Main Rail Line
NORWICH – The County of Chenango Industrial Development Agency has been notified by the U.S. Department of Commerce’s Economic Development Administration (EDA) of its intent to provide $4.718 million to the CCIDA’s Utica Main Rail Line Revitalization project, subject to CCIDA providing additional information and verifying local funding commitments.
The CCIDA has indicated that there is still much work to complete in order to fulfill the EDA’s funding requirements. For instance, the provisional approval requires that a funding share of approximately $407,000 be raised to assist with the completion of the $5.897 million reconstruction project. CCIDA officials have discussed this requirement with several potential funders and key stakeholders; to date, no solid commitments have been made to the project.
Additionally, CCIDA continues to work with local and regional businesses to examine and quantify new business opportunities for the rail line. Potential natural gas development in the Southern Tier provides the largest opportunity for traffic increases on the line. However, New York State continues to postpone action to allow the issuance of natural gas drilling permits.
CCIDA intends to work over the next few weeks with regional partners, including nearby stakeholder counties, the New York State DOT, Empire State Development, and Federal EDA representatives in hopes of moving the project forward.
Senator Charles Schumer, who has long advocated for the restoration of the Utica Main Rail Line, was instrumental in advocating for the EDA funding award. “Today’s announcement puts us on the right track to move full steam ahead to revitalize the Utica Main Rail Line. I was proud to advocate to the federal Economic Development Agency for the Chenango IDA, and I will continue to work closely with local leaders to help in any way I can.” Support for the project was also offered by Congressman Richard Hanna.
For additional information about the County of Chenango Industrial Development Agency’s efforts to restore the Utica Main Rail Line, contact Executive Director Steve Craig at 334-1404.
The CCIDA has indicated that there is still much work to complete in order to fulfill the EDA’s funding requirements. For instance, the provisional approval requires that a funding share of approximately $407,000 be raised to assist with the completion of the $5.897 million reconstruction project. CCIDA officials have discussed this requirement with several potential funders and key stakeholders; to date, no solid commitments have been made to the project.
Additionally, CCIDA continues to work with local and regional businesses to examine and quantify new business opportunities for the rail line. Potential natural gas development in the Southern Tier provides the largest opportunity for traffic increases on the line. However, New York State continues to postpone action to allow the issuance of natural gas drilling permits.
CCIDA intends to work over the next few weeks with regional partners, including nearby stakeholder counties, the New York State DOT, Empire State Development, and Federal EDA representatives in hopes of moving the project forward.
Senator Charles Schumer, who has long advocated for the restoration of the Utica Main Rail Line, was instrumental in advocating for the EDA funding award. “Today’s announcement puts us on the right track to move full steam ahead to revitalize the Utica Main Rail Line. I was proud to advocate to the federal Economic Development Agency for the Chenango IDA, and I will continue to work closely with local leaders to help in any way I can.” Support for the project was also offered by Congressman Richard Hanna.
For additional information about the County of Chenango Industrial Development Agency’s efforts to restore the Utica Main Rail Line, contact Executive Director Steve Craig at 334-1404.
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