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Archived NEWS & Updates from 2005

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DSIC and Proctors Theatre Receive $200,000 State Grant for Downtown Facade/Housing Projects

January 13, 2005

The Downtown Schenectady Improvement Corporation (DSIC) and Proctors Theater today announced the award of a $200,000 grant from the New York State Division of Housing and Community Renewal and the Housing Trust Fund Corporation.  The State selected the Schenectady application for funding under the new Main Street Program established to provide support for downtown renewal projects.

25 Businesses Agree to Invest and Grow in Upper Union Street

Metroplex and Upper Union Street Bid Partner to Improve Key City Corridor

January 20, 2005

Schenectady, N.Y., January 20, 2005 - Twenty-five businesses on Upper Union Street are planning investments totaling $449,100 to renovate and improve much of Schenectady’s Upper Union Street Shopping District under a new program sponsored by Metroplex and the Upper Union Street Business Improvement District (BID).

City IDA Reaches Agreement to Clean Up Peek Street Site

5 Acre Site will be Redeveloped as Part of College Park

February 16, 2005

Schenectady, N.Y., February 16, 2005 --  The City of Schenectady Industrial Development Agency (IDA) today announced an agreement to clean-up the Peek Street building destroyed by a fire in 1999. The five acre site will be redeveloped as part of the plan to convert the former Big N Retail Plaza into a new business park called College Park.

Facade Improvement Projects Move Forward

Three Downtown Buildings to Receive Facelifts

March 10, 2005

Schenectady, N.Y. - March 10, 2005 - Metroplex and the Downtown Schenectady Improvement Corporation (DSIC) today announced the approval of three façade projects that will provide a facelift for downtown Schenectady and continue the progress being made to rebuild and restore the central business district. Rudnicks at 308 State Street, Majestic Hair Salon at 147 Jay Street and the 440 Arts Center at 440 State Street received approval of façade matching grants worth a total of $75,000.

Mallozzis Begin Renovations on Broadway

$2 million Project Brings Villa Italia to Downtown Schenectady

March 22, 2005

Schenectady, N.Y., March 22, 2005 -- The Mallozzi Family has started renovations at 226 Broadway in downtown Schenectady transforming a key building in the City’s growing arts and entertainment district into a full-scale commercial bakery and retail outlet for the famous Villa Italia line of baked goods.  In addition to pastries and cakes, the new facility will offer an extensive Italian Gelato menu and house an upscale coffee bar and lounge.

County IDA Agrees to Sell Campbell Plastics Plant

$500,000 Purchase Will Boost County/City Finances

March 23, 2005

Schenectady, NY, March 23, 2005 --   The Schenectady County Industrial Development Agency (SCIDA) today announced an agreement to sell the former Campbell Plastics Plant to a developer who will utilize the site for a mixed use development featuring new homes and new businesses.  Sale of the property will net $500,000 for County and City taxpayers.

Schenectady Secures Federal Funds for Erie Boulevard

March 24, 2005

SCHENECTADY - City/County and Metroplex officials today joined to announce approval by the Capital District Transportation Committee (CDTC) of $11.5 million in funding to improve Erie Boulevard.  This funding will help transform the downtown Schenectady’s central artery into the Erie-Edison Corridor, a vibrant technology corridor that will build Schenectady’s business development potential.

Four Companies Set to Graduate from Business Incubator on Albany Street

All Four to Stay and Grow in Schenectady County

April 25, 2005

Schenectady, N.Y. - April 25, 2005 - Schenectady County officials today joined with the Schenectady County Community Business Center to announce that four companies are ready to graduate from the Business Incubator on Albany Street.  All four companies will stay and grow in Schenectady County fulfilling the goal of the incubator to help nurture entrepreneurs and create new jobs and businesses in the County.

Base Closure List Maintains Key Missions and Jobs at Stratton Air National Guard Base

May 13, 2005

Schenectady, New York — May 13, 2005 -- Schenectady County officials today joined with the Schenectady Military Affairs Committee (SMAC) to review the impact of the base realignment and closure (BRAC) list on the Stratton Air National Guard Base in Glenville.    The proposed list of base closures issued by the Pentagon today supports retaining the unique Polar Mission and ten ski-equipped C-130 aircraft at the local base.

New Cinema and Office Complex Planned for Broadway and State Street in Downtown Schenectady

$10 million Complex Adds to Fast Growing Arts/Entertainment/Tech Corridor

May 26, 2005

Schenectady, N.Y., May 26, 2005 - Schenectady County and City leaders today joined with Metroplex to announce plans for a new $10 million cinema/office complex on the corner of State Street and Broadway in downtown Schenectady.  The project adds to the rapid pace of development in the City which is being transformed by a major expansion at Proctors, new tech companies relocating downtown, loft housing, a new hotel and new dining and entertainment venues.

Katie O'Byrne's Irish Pub and Beyer Furs to Anchor Renovated Wall Street Building in Downtown Schenectady

July 14, 2005

Schenectady, N.Y., July 14, 2005 -- The Downtown Schenectady Improvement Corporation (DSIC) today joined with City officials and Metroplex to announce that a NYC restaurant operator will convert more than 2,500 square feet of vacant space in downtown Schenectady into an Irish pub-style restaurant to be called Katie O'Byrne's. Beyer Furs, the oldest retail establishment in downtown Schenectady will also stay and grow in the City continuing the rapid pace of redevelopment downtown. Both companies plan to occupy space at the Wall Street Building at the corner of State Street and Erie Boulevard which will undergo a $1 million renovation.

Stratton Announces Expansion of Schenectady's Federal Renewal Community

HUD Approves RC Expansion, Gives Schenectady $60 million in Federal Tax Credits for Job Creation Projects

August 3, 2005

SCHENECTADY, NY -- Mayor Brian U. Stratton today announced that the U.S. Department of Housing and Urban Development (HUD) has approved a major expansion of Schenectady's federally designated Renewal Community (RC), making a large portion of downtown Schenectady eligible for more than $60 million in federal tax credits through the end of 2009.

Tailwind Associates Relocates to Schenectady

Erie Boulevard Adds Tech Company

August 8, 2005

Schenectady, N.Y., August 8, 2005 City and County officials today joined with Metroplex to announce that Tailwind Associates, a fast growing software and information technology company, will move its corporate headquarters to Schenectady County bringing 70 jobs to the Erie - Edison Tech Corridor in downtown Schenectady.

Williams Scotsman Signs Lease for Campbell Plastics Site

National Modular Office Space Company Will Establish New Facility in Schenectady

August 17, 2005

Schenectady, NY, August 17, 2005  --   Metroplex today joined with City and County officials to announce that Williams Scotsman Inc. will build a 7,000 square foot facility at the site of the former Campbell Plastics Plant in Schenectady creating ten new jobs.    In addition, the sale of the property by the County IDA, which is administered by Metroplex, will net $500,000 for City and County taxpayers.

Zone Five Regional Law Enforcement Training Academy to Train State Parole Officers

September 14, 2005

Schenectady, N.Y., September 14, 2005 Schenectady County leaders today announced that the Senator Hugh T. Farley Regional Law Enforcement Training Academy on Erie Boulevard in downtown Schenectady has been selected to train over 40 new State Parole Officers.† Many of the trainees will stay at the Holiday Inn in Schenectady.† The new Parole Officers will receive training in police and criminal justice best practices at the newly renovated police training center.†† The first class of parole trainees will be in Schenectady this fall with additional classes planned for next spring.

City IDA Reaches Agreement to Pay $334,000 to Schenectady

September 30, 2005

Schenectady, N.Y., September 30, 2005 — The City of Schenectady Industrial Development Agency (IDA) met today and approved an agreement with the City of Schenectady that calls for the IDA to repay $334,000 in old debts.  The IDA also corrected an existing payment in lieu of tax agreement (PILOT) that will net the City/County and school district an additional $146,000.

Former WMHT Studio to be Transformed into Tech Center

Building Purchased by Venture Capitalist

October 11, 2005

Schenectady, N.Y., October 11, 2005 -- Schenectady County leaders today announced plans to re-use the former WMHT Studios just weeks after the 29,000 square foot facility was vacated by the public television station.

Railex Coming to Rotterdam / Schenectady County Wins $18 Million Investment and 300 New Jobs

Schenectady County Wins $18 Million Investment/300 New Jobs

October 26, 2005

Schenectady, N.Y., October 26, 2005 -- Schenectady County officials today announced that Railex LLC has selected the Rotterdam Industrial Park in the Town of Rotterdam, Schenectady County for a new 200,000 square foot, $18 million facility that will create 300 jobs. The facility will serve as the East Coast hub for a new freight train service that will save millions of gallons of fuel each year while moving food products via rail across the United States by train instead of tractor trailer.

GE Energy to Invest $5 MIllion in Energy Learning Center in Niskayuna

November 1, 2005

Niskayuna, N.Y., November 1, 2005 -- Schenectady County officials today joined with the Town of Niskayuna and the Schenectady County Industrial Development Agency (IDA) to announce plans by GE Energy to invest $5 million to expand the Energy Learning Center in Niskayuna.

Metroplex Extends Free Parking at Surface Lots to Three Hours from Now till New Years

November 29, 2005

Schenectady, N.Y., November 29, 2005 -- Metroplex today announced that five surface parking lots in the heart of downtown Schenectady will extend free parking from two to three hours now through New Year's Day.

Direct Products Buys Former Freihofer Distribution Facility on Albany Street

Distribution Firm Plans Expansion in Schenectady

December 21, 2005

Schenectady, NY, - December 20, 2005 - Direct Products, a national distributor of party supplies, has purchased the former Freihoferís Distribution Center on Albany Street.† The company will relocate its offices and distribution center from Troy to the Albany Street facility investing more than $300,000 to purchase and renovate the new Schenectady site.

Schenectady Metroplex Development Authority
Center City Plaza
433 State Street, Suite 401
Schenectady, NY 12305
phone (518) 377-1109
fax (518) 382-2575