Restore-NY Grant Promises 70 Jobs In Monticello

I want to thank all the local and State officials who helped the Village of Monticello secure this important economic development grant, particularly the offices of Sen. John Bonacic, Assemblywoman Aileen Gunther, County Legislators Jonathan Rouis, Alan Sorenson and Ron Hiatt, Town Supervisor Tony Cellini, and all five members of the Village Board of Trustees who supported the submission of this application to the State of New York. [Press Release]

Governor Paterson Announces More Than $153 Million In Restore NY Grants

Village of Monticello – Monticello Downtown Revitalization Project

Grant Total: $1,750,000

Jobs Created: 70

The project is in the urban core of the Village, Census Tract #9518 and the Sullivan County Empire Zone. The project will include the demolition, rehabilitation and reconstruction of vacant and under
utilized structures on Broadway in the heart of the downtown business district. All parcels are within walking distance to each other.

The project includes eight buildings, which consist of 33,000 square feet of new retail space and 15,000 square feet of new professional office space, 12,000 square feet of commercial and residential space to be rehabilitated and 48,000 square feet of commercial and mixed use space to be rehabilitated and reconstructed.

The total project includes over 98,000 square feet of space to be occupied and will create an estimated 70 jobs after reconstruction. Over 250 linear feet of new building facades will be created. Tenants for many of the new spaces have been identified. Total private sector investment in this project is $10 million. Planning and zoning approvals to be in-place by May 2009.

The project is adjacent to an $8 million New York State Department of Transportation road reconstruction initiative.

The Sullivan County Industrial Development Agency to provide tax incentive assistance and the project is consistent with local Downtown Revitalization Plan and Sullivan County 2020 Strategic Plan.