Governor Andrew M. Cuomo today announced the state is providing $43 million to advance 31 projects in Oswego and Cayuga counties as part of the first round of funding under the Lake Ontario Resiliency and Economic Development Initiative. Governor Cuomo launched REDI in May to increase the resilience of shoreline communities and bolster economic development in the region. Today's announcement marks a major milestone in the REDI effort. Identified by the communities and evaluated by state agency experts, the projects address both immediate and long-term resiliency needs, enhance economic development, protect critical infrastructure, incorporate green, natural, or nature-based features, and will help sustainably rebuild and enhance communities along the Lake Ontario and the St. Lawrence River shorelines.
DASNY Press Releases
Governor Andrew M. Cuomo today announced the state is providing $60 million to advance 38 projects in St. Lawrence and Jefferson counties under the Lake Ontario Resiliency and Economic Development Initiative. Governor Cuomo launched REDI in May to increase the resilience of shoreline communities and bolster economic development in the region. Today's announcement marks a major milestone in the REDI effort. Identified by the communities and evaluated by state agency experts, the projects address both immediate and long-term resiliency needs, enhance economic development, protect critical infrastructure, incorporate green, natural, or nature-based features, and will help sustainably rebuild and enhance communities along the Lake Ontario and the St. Lawrence River shorelines.
The Dormitory Authority of the State of New York (DASNY) announced today that Northwell Health Obligated Group issued more than $202.3 million in tax-exempt bonds through DASNY. Northwell Health is the state’s largest healthcare provider. Bond proceeds from the transaction will be used to finance various projects at Long Island Jewish Medical Center, North Shore University Hospital, Glen Cove Hospital, Southside Hospital, Huntington Hospital, and Staten Island University Hospital.
Governor Andrew M. Cuomo today announced the state is providing $49 million to advance 20 projects in Niagara and Orleans counties as part of the first round of funding under the Lake Ontario Resiliency and Economic Development Initiative. Governor Cuomo launched REDI in May to increase the resilience of shoreline communities and bolster economic development in the region. Today's announcement marks a major milestone in the REDI effort. Identified by the communities and evaluated by state agency experts, the projects address both immediate and long-term resiliency needs, enhance economic development, protect critical infrastructure, incorporate green, natural, or nature-based features, and will help sustainably rebuild and enhance communities along the Lake Ontario and the St. Lawrence River shorelines.
Governor Andrew M. Cuomo today announced the state is providing $43 million for Monroe County and $41 million for Wayne County for a total of $84 million to advance 43 projects across the two regions as part of the first round of funding under the Lake Ontario Resiliency and Economic Development Initiative, or REDI. REDI was launched by Governor Cuomo in May to increase the resilience of shoreline communities and bolster economic development in the region. Today's announcement marks a major milestone in the REDI effort. Identified by the communities and evaluated by state agency experts, the projects address both immediate and long-term resiliency needs, enhance economic development, protect critical infrastructure, incorporate green, natural, or nature-based features, and will help sustainably rebuild and enhance communities along the Lake Ontario and the St. Lawrence River shorelines. Additional projects in the REDI regions will be announced shortly.
The Dormitory Authority of the State of New York (DASNY) and the State University of New York (SUNY), today announced the on-time completion of the $30.7 million project to renovate Beverwyck and Schuyler Halls within the Dutch Quad at the University at Albany. The project is part of roughly $73 million in capital renovation projects DASNY is completing on SUNY campuses statewide.
The Dormitory Authority of New York (DASNY) and The State University of New York (SUNY), today announced the on-time completion of the $19 million DASNY project to renovate SUNY Plattsburgh’s Whiteface Hall. This project is part of roughly $73 million in capital renovation projects DASNY is completing on SUNY campuses statewide.
Governor Andrew M. Cuomo today announced more than $121 million in green bonds will support projects at Cornell University. The bonds were issued through the Dormitory Authority of the State of New York. Green bonds provide investors with the opportunity to directly support projects identified as environmentally sustainable. The bonds were rated AA by Standard and Poor's and Aa1 by Moody's.
Governor Andrew M. Cuomo today announced the completion of a $16 million project to renovate Tower Three at SUNY Buffalo State College. This project is part of roughly $73 million in capital renovation projects the Dormitory Authority of the State of New York is completing on SUNY campuses statewide. The project was financed through DASNY's SUNY Dormitory Facilities Program, which issues low-cost, tax-exempt bonds supported by student residence hall fees.
At today's Labor Day Parade in New York City, Governor Andrew M. Cuomo announced he will advance legislation to make the "New York Buy American" Act permanent. The "Buy American" law requires all structural steel and structural iron used in all state road and bridge construction projects with contracts worth more than $1 million to be made in America. The current law is set to expire April 2020, and making this law permanent will build on the State's commitment to investing in New York's infrastructure and workforce, while guaranteeing protection and dignity for workers.