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Governor Andrew M. Cuomo today announced that New Rochelle's Lincoln Avenue Corridor will receive $10 million in funding as the Mid-Hudson winner of the third round of the Downtown Revitalization Initiative.
With the DRI award, New Rochelle will connect its evolving and prosperous city center with the mile-long Lincoln Avenue Corridor that contains mixed-income residential housing, a newly renovated hospital, green space, a Metro North Train Station and part of the city's Arts and Cultural District. The Downtown New Rochelle Strategic Investment Plan will build upon significant public-private investment over the past few years to spur commercial, residential, and mixed-use development in the city. DRI investments will leverage city resources and private investments to forge connections between residential neighborhoods in the northern portion of the corridor with commercial, institutional, and cultural resources to the south. The city envisions infrastructure improvements that will improve pedestrian and traffic circulation and extend the downtown's walkable, sustainable, transit-oriented design into this corridor to create a bustling environment in which to live and work.