A Brief History

The Downtown Revitalization Initiative (DRI) is a program started by Governor Cuomo’s office that aims to transform downtown neighborhoods into vibrant communities where New Yorkers want to live, work and raise families.

In its fourth year, the program will invest $100 million into 10 additional downtown neighborhoods across the state. Participating communities are nominated by the state’s ten Regional Economic Development Councils (REDCs) based on the downtown’s potential for transformation, and each community is awarded $10 million to develop a downtown strategic investment plan and implement key catalytic projects that advance the community’s vision for revitalization.

The DRI is chaired by New York Secretary of State Rossana Rosado, and supported by private sector experts funded by Empire State Development, and a state agency team from the Department of State and the NYS Homes and Community Renewal. Other agencies are also involved in reviewing and implementing projects.

For FAQs and information on previous applicants and awardees, please visit https://www.ny.gov/programs/downtown-revitalization-initiative

What’s Next?

Immediately after the third round of the DRI funding was awarded, the City of Troy began the process of meeting with the community in order to shape the vision and build momentum for the next round of anticipated funding. The Troy community has always been forthcoming and involved when it comes to shaping their city. This was no exception as they shared their ideas through several forums; online survey, workshops, meetings and individual interviews. The end result was a submission that worked to underline the goal for the DRI District: to use great public spaces and urban amenities to connect new economic catalysts and enhanced cultural anchors, around a destination Riverfront.

Photos

Downloads

Executive Summary |PDF
Public Meeting Presentation – May 14, 2019 |PDF
Public Meeting Notes – May 14, 2019 |PDF