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County Executive Celebrates REDC Awards for Albany County

December 21, 2018

Nearly $2 million in state funding for economic development projects

Albany County Executive Daniel P. McCoy today hailed the recent announcement that two County projects were selected for a combined total of $1,995,000 in state funding through this year’s Regional Economic Development Council Awards.

The Times Union Center is set to receive $995,000 for capital improvements, while the Albany County Water Purification District will get $1 million for the regional biosolids facility project. The entire Capital Region was awarded a total of $67 million for 95 projects spread throughout it.

“The economic resurgence we are witnessing in Albany County and throughout the Capital Region, with record high job numbers and record low unemployment, is something to celebrate and I am proud of what we have been able to accomplish by working with our partners,” said County Executive McCoy. “Funding will support our Times Union Center which helps us generate revenue for critical programs whereas the anaerobic digester will save millions in taxpayer dollars and preserve our natural environment.”

“Additional funding to upgrade the Times Union Center couldn’t have come at a better time as we get ready for an exciting year of events, including the Aurora Games and the 2019 MAAC Men’s and Women’s Basketball Championships, to name a few,” said SMG General Manager Bob Belber. “With new seating, improved locker rooms and an LED expansion, we are offering an even better experience to both the loyal fans who frequent the facility as well as the teams and bands that bring world-class entertainment to downtown Albany.”

This comes after Albany County recently completed a $20 million renovation project of the Times Union Center, which completely enclosed the atrium and features new furnishings, bathrooms, a glass elevator, two massive outdoor LED screens, and serves as a common area before events at the stadium as well as an event space in its own right for residents to gather.

“Once complete, our anaerobic digester will be an innovative way to dispose of high strength organic waste such as food scraps and biosolid waste while producing the energy to help offset operating costs,” said Albany County Water Purification District Executive Director Tim Murphy. “This project will not only reduce the costs associated with transporting and dumping waste, it will lower water and sewer rates for residents and lessen our reliance on fossil fuels. I commend County Executive McCoy for raising its profile on the state level and helping bring in this funding to help make it a reality.”

We would also like to thank NYSERDA for recognizing this project’s importance and supporting wastewater treatment plant projects across New York State.

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Albany County ExecutiveDaniel P. McCoy