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Middletown council approves funding, grants and bonds for O&W redevelopment and downtown parking
Summary
The council approved transfers, grant acceptances and a bond issue tied to the O & W redevelopment and downtown parking projects, actions sponsors said will help revitalize the city’s downtown gateway.
The Middletown Common Council voted unanimously to approve a package of funding measures aimed at downtown redevelopment, including a transfer for the O & W project, acceptance of state grants and the issuance of bonds to finance railroad-station rehabilitation.
The council approved a $2,660,000 transfer from city funds for the city’s portion of the O & W project; accepted Restore New York/Empire State Development grant funding for the O & W redevelopment; and authorized the issuance of an additional $3,900,000 in bonds to pay costs tied to the O & W Railroad Station Rehabilitation. The…
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