U.S. Senator Charles E. Schumer launched his two-pronged plan to aid in the continued revitalization of dozens of Schenectady landmarks,by encouraging developers to renovate these underutilized historic buildings.
At Center City, Schumer announced his proposal to extend the New Markets Tax Credit, set to expire at years end, and his support of the Creating American Prosperity Through Preservation (CAPP) Act, which would increase the Historic Tax credit, and make more buildings eligible.
Schumer was joined by David Buicko, President of The Galesi Group, Schenectady Mayor Gary McCarthy, Ray Gillen of the Schenectady Metroplex Authority, and many other developers, construction and business leaders from the region. Work goes on at Johnny's Restaurant, being built by the Mallozi Family, on the bottom floor of Center City, across from Proctor's Theater, on Monday afternoon.