What does that mean? According to the Patrick Madden administration, "The funding will help Troy identify a vision and guide development for the city's eight-mile Hudson River waterfront, while aligning with the recently completed zoning update called 'ReCode Troy' and addressing the city’s smart growth, resiliency and sustainability goals."
The LWRP is funded through the state Environmental Protection Fund (EPF) to provide grants to communities to develop locally-driven plans with a vision for their waterfront, guided by several environmental policies to ensure projects work in harmony with waterfront natural resources and ecosystems.
The funding was awarded as part of $23 million in state funding to support 101 communities across the state through part of Round XIII of the Regional Economic Development Council Initiative. It will help Troy develop its Hudson River waterfront by allowing it to plan its own economic future to benefit residents, businesses, and visitors alike.
Dylan Turek, the city's commissioner of planning and economic development, said, "I am excited to see the positive impact this funding will have on the community and the entire Capital Region. Troy is fortunate to have direct access to so much waterfront and nearly every neighborhood lives within a few miles of the Hudson River. Cities that commit to working closely with communities and developers to realize a shared vision for their waterfront experience the greatest return through growing property values and increased revenue as far as three miles away.
"With our coming submission to nominate 200+ acres of the South Troy waterfront for 'Brownfield Opportunity Area' designation working in concert with the U.S. EPA Assessment grant that was awarded in 2021, adopting a new LWRP dovetails perfectly into our proactive approach.
"We want to make sure that we do it right since the opportunity won’t come again for at least a century.”
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