Submitted by the City of Rensselaer
Downtown Revitalization Initiative “Resurging Rensselaer” – Submitted by the City of Rensselaer BASIC INFORMATION Regional Economic Development Council (REDC) Region: Capital District Municipality Name: City of Rensselaer Downtown Name: Rensselaer Transit Village County: Rensselaer Vision for Downtown. Provide a brief statement of the municipality’s vision for downtown revitalization. The City of Rensselaer is reinventing itself as a bustling waterfront and multi-modal, smart and sustainable “Transit Village Downtown” at the geographic and historic heart of the Capital Region with an even mix of market rate and affordable units, diverse and proud neighborhoods, expansive recreational facilities, walking access to the multi-purpose Hudson Riverfront, minimal commutes to growing employers in Rensselaer, East Greenbush, and Albany, easy links to the nation’s 9th busiest Train Station to reach points in all directions, and a mixed-use Broadway Corridor with retail, cultural, and historic attractions and unique residential opportunities. Justification. Provide an overview of the downtown, highlighting the area’s defining characteristics and the reasons for its selection. Explain why the downtown is ready for Downtown Revitalization Initiative (DRI) investment, and how that investment would serve as a catalyst to bring about revitalization. The proposed DRI Target Area is at the core of our community resurgence and built off of our recently completed and well vetted Brownfield Opportunity Area (BOA) Nomination Study. This area, a stone’s throw from the State Capital complex, Regeneron Pharmaceuticals, SUNY East, AMRI and RPI Tech Park offers employers and employees a diverse, safe downtown area ripe for investment and vibrant quality of life amenities. We are at the heart of an employment triangle that encompasses thousands of workers who could enjoy a commute of mere minutes on bike or bus.
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