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Schenectady gets $3M loan for vacant building demolition

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— The City of Schenectady has been approved for a $3 million federal loan to demolish 80 vacant buildings in the city.

The money will come from the Department of Housing and Urban Development. The loan was announced Thursday by Sen. Charles E. Schumer (D-NY).

The funding will allow the city to raze buildings that are considered blights on the community and reduce property values for families living nearby.

The project, in many cases, means new construction will follow.

Schumer said the program requires at least 70 percent of the targeted sites be used for new buildings or in ways that will improve adjacent properties. The final goal will be neighborhood revitalization.

Schenectady officials have identified over 130 buildings that have been abandoned or are in poor condition.

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March 6, 2014
11:52 a.m.

[ Flag Post ]

This is insane - new buildings?? Who is going to build new building in the areas where these buildings are? Did they make plans for that before they asked for the loan? This is so typical - I would bet that a year from now this will be by the wayside.

March 6, 2014
6:22 p.m.

[ Flag Post ]

safny, I think (sadly) that you're correct. The heck with grant money for this....the city needs to find a way to expedite the process of pursuing deadbeat owners. There's a house around the corner from me that had a major fire FIVE years ago. It is now only inhabited by pigeons (that I know of). It is on a small lot that no one would build on in 2014 if it were to be torn down. Make the owners pay; they collected their rent money for years and now the thing just sits there attracting vermin? What's wrong here?