Funds for Speculator
The village of Speculator, one of the main visitor destinations in Hamilton County, has received a $2.3 million federal grant to help pay for a sewer extension, U.S. Sen. Charles Schumer announced this week.
The $2,322,000 grant was awarded through the U.S. Department of Agriculture Office of Rural Development's Water and Waste Disposal Loan and Grant program.
"I’ve been to Speculator many times and know that there are few things more important to a rural community like this one than funding for clean water and sewer repairs," Schumer said in a statement.
The funds will be used to construct an extension of the sewage collection system west along Route 8, parallel to Lake Pleasant. The village has 316 year-round residents, as well as 19 businesses. The economy is reliant on seasonal residents, snowmobilers, hikers and other visitors.
The federal funding includes a $1,572,000 loan and $750,000 grant, according to Schumer's office.
“Funding water-quality projects in the village of Speculator will boost public health and bring infrastructure jobs to the region, which will spur local economic development," he said.
Village Clerk-Treasurer Bonnie Page said the village hadn't yet been formally notified of the award.