It’s official: Potsdam wins $10M DRI funding

wwny It’s official: Potsdam wins $10M DRI funding

POTSDAM, N.Y. (WWNY) - The village of Potsdam is the latest recipient of $10 million under the state's Downtown Revitalization Initiative (DRI).

Lt. Gov. Kathy Hochul made the announcement in Potsdam Tuesday afternoon. Potsdam was also listed as the north country recipient on the DRI website.

“We’ll be your partner," Hochul told those gathered at Clarkson University’s Old Main building downtown. “We’ll make this happen.”

Mayor Reinhold Tischler said that with the money, the community will become a north country center of arts and culture.

In its application, the village touted projects already in motion, such as the renovation of old Snell Hall. Also ones already completed, such as the North Country Children’s Museum.

“All the ongoing projects played a big part in receiving this award,” said Tischler.

Where will the money go? It will be spent in and around the Market Street area, for building renovations, ‘streetscapes,’ (think lighting and sidewalks), helping small business and light industry start-ups and extending the walking trail that now runs along the Raquette River.

The first money dished out will be $300,000 for planning. The village will submit proposed projects to the state. By next fall, the state should decide what gets funded and what doesn’t.

“I can’t wait to come back and do the groundbreakings on and ribbon cuttings on countless projects,” said Hochul.

This is the fourth round of the DRI funding, which awards $10 million to a community each year in each of the state's 10 economic development districts.

Plattsburgh was the north country recipient in the first round, Watertown in the second, and Saranac Lake in the third.

Winners so far in the fourth round besides Potsdam are Fulton in central New York, Baldwin on Long Island, Peekskill in the mid-Hudson region, Hornell in the Southern Tier, and the Niagara Falls Bridge District in western New York.

Yet to be named are winners for the Capital Region, the Finger Lakes, the Mohawk Valley, and New York City.

In St. Lawrence County, Ogdensburg, Massena and Canton all missed out on the $10 million prize. In Jefferson County, Carthage and Cape Vincent came up empty. And Lowville in Lewis County also competed.

You can see Potsdam’s winning DRI application here.

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