Inner Harbor Project Receives $1.3 Million from NY State Regional Economic Development Council

lots_of_money NY State Governor Andrew Cuomo announced the results of the third round of funding for economic development projects through his Regional Economic Development Council (REDC) initiative.

As part of the $67 million awarded to the CNY region, COR Development will receive $1.3 million to continue development of the Syracuse Inner Harbor, including relocating the historic freight house and removing three abandoned storage buildings, and constructing a 170,000 square foot mixed-use commercial/residential building.

COR Development has received significant funding for the Inner Harbor development project through the Regional Economic Development Council process in the first two rounds of funding as well: $3 million in 2011 and another $1.5 million in 2012.

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