Hochul proposes $400M investment into the city of Albany
ALBANY, N.Y. (NEWS10) -- The city of Albany is being highlighted in Gov. Kathy Hochul's 2025 State of the State Address. The governor has proposed $400 million of the executive budget be directed toward the capital city.
The proposal outlines $200 million being used on revitalization projects. They include:
- Targeted strategies to address public safety and quality of life
- Revitalizing vacant or dated anchor institutions
- Reinvigorating commercial corridors
- Repurposing vacant and underutilized commercial buildings
- Leveraging open spaces and key public assets
- Coordinating with ongoing planning efforts related to the redevelopment of I-787 and the Livingston Avenue Rail Bridge
- Creating new reasons to work, visit or live in downtown Albany
Another $150 million would be put toward renovating the New York State Museum and upgrading exhibits.
The governor's plans are not official, however. The idea still needs to be discussed in the state legislature.
Gov. Hochul will be delivering the State of the State Address on Tuesday, Jan. 14 at the Egg.
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