State Grant and National Grid Funding Support Millrace Park Construction
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Governor Kathy Hochul announced a $6 million state grant to support the construction of Millrace Park in Buffalo's Larkin District. The total project cost is approximately $8 million, with National Grid contributing $250,000 to the effort. The park will be owned and operated by Millrace Park Inc. and is slated to open in fall 2028.
From wkbw.com
Why it matters
The park is expected to serve as a catalyst for $50 million in new private sector investments in the surrounding area, including residential, retail, and hospitality properties. The grant is administered by Robert J. Rodriguez of the Dormitory Authority of the State of New York.
From wkbw.com
Who's involved
- Kathy HochulGovernor who announced the state grant for the park's construction
- stateState providing the $6 million grant for local revitalization
- National GridUtility company providing a $250,000 financial contribution to the park project
- Robert J. RodriguezDASNY President and CEO who administers the grant for the park revitalization
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Erie CountySpeculative
Erie County might see increased demand and sales as the park acts as a catalyst for private sector investment.
- Lane CountySpeculative
The local market value in the area could increase due to the expected $50 million in private investment.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.Keep exploring
The entities involved
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National Grid
Adjacent upstate NY and MA utility; NECEC PPA signatory; partner with RWE on Community Offshore Wind.
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Millrace Park
park in Lane County, Oregon, United States of America
Nothing else this week.
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Kathy Hochul
57th Governor of New York since 2021