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Staff outlines $4.045 million plan to redevelop Main Street properties
Summary
A staff member told the Herkimer County Local Development Corporation that using Article 19-b to clear and transfer several Main Street properties would cost 'around $4,045,000' and could enable ground-floor retail with housing above, pending village cooperation and grant funding.
A staff member presented a redevelopment proposal for multiple Main Street parcels, saying the corporation could work with the village under Article 19-b to acquire and clear properties for transfer to the organization's LLC. The staff member estimated the Article 19-b process and related work would cost "around $4,045,000," and said the cleared sites could be marketed to developers for mixed retail and residential use.
The staff member described a likely redevelopment pattern with first-floor retail—"a lawyer's office or something"—and two floors of housing above, plus rear parking, which they said would make the project marketable. No formal motion, funding source, or timeline was provided during the discussion; members agreed to continue work with the village and explore grant options. The proposal will require village approvals and further grant planning before any acquisition or demolition begins.
