Downtown Syracuse at Heart of More Than $1.4B in Center City Capital Investments

Smart Growth America VP: Syracuse Well-Positioned in Competitive Environment

Syracuse, NY - Downtown Syracuse is at the center of more than $1.4 billion in capital investments being made throughout Syracuse announced the Downtown Committee of Syracuse at its annual meeting on Thursday.

"The revitalization taking place here is increasing downtown Syracuse's competitiveness as a place to live, work and visit," said Downtown Committee Executive Director Merike Treier. Her presentation highlighted the downtown development projects totaling $265 million. She challenged the audience to share the news of the investments happening in downtown.

Bill Fulton, vice president for policy and programs at Smart Growth America, shared how cities are in competition for young talent. He described Syracuse as well-positioned in this competitive environment due to the high concentration of colleges and universities here and the investment taking place in the urban core.

Of the $1.4 billion being invested into capital projects throughout Syracuse, $265 million of that is being invested in downtown Syracuse. Other development highlights:
• Over $60 million was recently invested or is currently being invested into the heart of downtown.
• Infrastructure projects in downtown Syracuse (including Onondaga County' Save the Rain initiative and the Connective Corridor) total over $124 million.
• Hospitality & entertainment projects total $45 million.
• Residential development projects planned or underway account for over $77 million of downtown's development totals.
• 570 new residential units will be added from these projects.

The City of Syracuse, Onondaga County, the Landmark Theatre and AmeriCU Credit Union received Downtown Awards of Excellence. The awards recognize those who have contributed to downtown's growth, diversity and revitalization.

For a list of the center city capital investments totaling $1.4 billion, click here .

 

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