Committee has 6 months to distribute nearly $10M to Central Islip redevelopment projects

New York /
Oct.October 22, 2018 12:00 PM

A 17-person committee has begun debating plans to distribute $9.7 million to potential development and rehabilitations projects along Carleton Avenue in Central Islip, according to Newsday. They have six months to distribute the money awarded by Gov. Cuomo as part of the 2018 Downtown Revitalization initiative grant. State officials paid $300,000 to New York City-based consultants HR&A Advisors Inc. to guide the committee. Committee members worry they won’t meat the state-imposed deadline and expect to rely heavily on the consultants. They’re considering projects like renovating a former firehouse, building a mixed-use retail and housing development, renovating a train station and improving streets. [Newsday]


Related Articles

arrow_forward_ios
What’s next for the East End’s community preservation fund?
What’s next for the East End’s community preservation fund?
What’s next for the East End’s community preservation fund?
Shoppers World CEO Sam Dushey with an aerial shot of Green Acres Mall (Shoppers World, Macerich)
Shoppers World to debut in Long Island at former Century 21 site
Shoppers World to debut in Long Island at former Century 21 site
Huge home headache hassles North Fork locals
Huge home headache hassles North Fork locals
Huge home headache hassles North Fork locals
42 Old Montauk Highway, Montauk
The unsellables: Even in a hot market, these Hamptons homes don’t move
The unsellables: Even in a hot market, these Hamptons homes don’t move
Josh Baumgarten (left) and Adam Schwartz, co-CEOs and co-Chief Investment Officers of Angelo Gordon with 2 Huntington Quadrangle, Melville, 6 and 8 Corporate Center Drive in Melville (Angelo Gordon, We're Group)
Angelo Gordon, We’re Group score $350M refi for Long Island offices
Angelo Gordon, We’re Group score $350M refi for Long Island offices
40 Meadow Lane, Southampton
New Hamptons sales and listings promise ocean views… and eternal life
New Hamptons sales and listings promise ocean views… and eternal life
Hartz Mountain Industries CEO Leonard Stern and 235 Pinelawn Road (Google Maps, Hartz Mountain)
Warehouse developer accused of violating “Long Island First” policy
Warehouse developer accused of violating “Long Island First” policy
 81-82 South Midway Road (Saunders & Associates Real Estate)
Shelter Island home, circa 1750, lists for $15M
Shelter Island home, circa 1750, lists for $15M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...