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Loan Review Committee recommends Brownfield subgrant for 24 Church Street in Lyons
Summary
The committee recommended the board review a Loan Memorandum proposing a Brownfield Revolving Loan Fund subgrant to remediate and salvage 24 Church Street, a three-story building in Lyons built around 1890 and vacant for about 30 years. The subgrant is intended to support an EPA supplemental funding application.
At its March 3, 2026 meeting, the Wayne Economic Development Corporation Loan Review Committee recommended that the board review a Loan Memorandum to provide a Brownfield Revolving Loan Fund subgrant for 24 Church Street in Lyons, NY. Committee members discussed funding availability and the project scope before forwarding the memorandum for board consideration.
Deputy Director Katie Bronson explained that awarding the request as a subgrant is the most appropriate outflow of funds because it allows the program to show revolved program income, which helps qualify the program to apply for supplemental EPA funding. Kaleigh Flynn of the Wayne County Land Bank introduced the project as part of the Canal Street program, saying the funding will be used to remediate and salvage the property in preparation for redevelopment without demolition. Ms. Flynn said the three-story building was built around 1890, has been vacant for around 30 years, and the project intends to have the building renovated by 2027.
Ms. Flynn told the committee that Restore-NY funding will not be used on the project; she said secured Land Bank Initiative funds will be applied and there is a pending application for additional Land Bank Initiative funds. When members asked about tenant solicitation timing, Flynn said solicitation can occur at any point but that no long-term tenant has been identified because the remediation timeline is not yet determined. She described a renovation approach of bringing the building to the studs, upgrading base utilities, and then configuring interior spaces to match tenant needs, with first-floor commercial or retail space and the upper two floors used as office space because of a deed restriction that prevents housing on those floors.
Committee members asked whether any additional contingencies were needed; none were identified. The committee made a recommendation that the Loan Memorandum be forwarded to the WEDC board for review. No formal board action had been taken by the end of the meeting.
