On the Road to Success: An Update of Rome, New York's East Rome Business
Park
What began as a $200,000 Brownfields Assessment Pilot in Rome, New York, has
become a successful redevelopment project that has leveraged more than
$4 million in assessment, cleanup, and redevelopment funding and may
lead to as many as 300 new jobs. A 17-acre property, formerly home to
a metals
processing plant and abandoned for decades, is being redeveloped into
the East Rome Business Park. The property has been subdivided into six
parcels ready for development, and a new access road through the business
park was enabled by nearly $1 million from the New York Department of
Transportation. The Pilot leveraged additional assistance from the State
of New York, which provided funding for $200,000 worth of follow-up
assessments and granted $1.8 million for cleanup through Governor Pataki's
1996 Clean Water/Clean Air Bond Act. In addition to the assessment and
cleanup funds leveraged from the state, the property owner invested
nearly $1 million of his own money in demolition and cleanup, and the
city leveraged $300,000 from the Empire State Development Corporation
for modernization of utilities along the new access road. With cleanup
and infrastructure improvements completed, the East Rome Business Park
is now ready to welcome new business. For more information on the Rome
Brownfields Pilot, contact Robert Alvey at (212) 637-3258.
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