How could the state funding for Rochester demolition affect New York State Homes and Community Renewal?
NYSHCR may manage $20 million funding for Rochester demolition project The $20 million in state funding announced by Governor Kathy Hochul for the demolition and asbestos abatement of the former 17-story Rochester Psychiatric Center requires a disbursement agency to manage the allocation. This agency must conduct a rigorous process of financial reviews, audits, and regulatory paperwork before funds are released. While the reports do not name New York State Homes and Community Renewal, it is the relevant state body responsible for housing and community renewal, making it the likely entity tasked with processing this significant allocation for the southeast section of Rochester.
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How it reaches New York State Homes and Community Renewal
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Kathy Hochul provided state funding for the demolition of the Terrence Building in Rochester. The 17-story structure, which was abandoned in 1995, is reportedly riddled with asbestos. The timeline for the demolition remains uncertain as the funding advances through the City Council in Rochester, New York.
The full event1independent outlet -
Governor Kathy Hochul announced $20 million in state funding to support asbestos abatement and demolition of the former Rochester Psychiatric Center. The state has allocated these funds, and a disbursement agency is now working through processing the allocation, which requires a rigorous process of financial reviews, audits, and regulatory paperwork.
No report states this step directly. Brind drew it from the reporting on each side of it, so treat it as an informed guess.
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The facts so far
As reported. Each one links to where it comes from.
- Governor Kathy Hochul announced $20 million in state funding for asbestos abatement and demolition in Rochester.13wham.com
- The former building is a 17-story, 500,000-square-foot structure abandoned in 1995.13wham.com
- The demolition and abatement processes could take about a year each.13wham.com
- The disbursement agency must process the allocation through financial reviews, audits, and regulatory paperwork.13wham.com
Why it matters
For New York State Homes and Community Renewal, managing this allocation represents a significant operational undertaking. The agency would be responsible for overseeing the flow of $20 million into a major urban redevelopment project, which requires navigating complex financial and regulatory requirements associated with large-scale demolition and housing replacement.
This project is part of a larger effort to transform the southeast section of Rochester, where the former Psychiatric Center stood. The demolition is slated to make way for more than 500 housing units, making the agency's involvement critical to the city's housing goals and community renewal efforts.
What we don't know yet
- Which specific agency is designated as the disbursement agency for this project?
- What is the timeline for the completion of the financial reviews and audits?
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About Environmental Remediation
Beyond the asbestos abatement mentioned, what other environmental remediation steps are required before the site can be ready for the new housing units?
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Reporting
- 13wham.comOct 8
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