Governor Andrew Cuomo announced yesterday that a $750,000 Homes and Community Renewal grant has been awarded to The Sentinel of Amsterdam, an assisted living community that will be housed in the overhauled hotel building on 10 Market Street. The Amsterdam Industrial Development Agency applied for the grant, and will also administer it. AIDA had previously secured funding for the renovation of the building as well a payment in lieu of taxes plan for the developers.
According to the governor’s office release, the money will go toward a $2.1 million purchase of furniture, fixtures, equipment, and machinery at the new facility which is scheduled to open later in the spring. Owners of the facility hope to employ approximately 70 full-time permanent jobs.
“This funding will help complete this project to transform an abandoned hotel into a new assisted living home for senior citizens in the Mohawk Valley,” Cuomo said in the release. “The re-purposing of this hotel will not only enhance the quality of life of Amsterdam residents who will soon have a new home, but will also create jobs and have a positive impact on this community for years to come.”
Amsterdam Mayor Michael Villa said in the release, “Our revitalization efforts in Amsterdam get a strong vote of confidence through this grant. The Sentinel is a project that will enhance the quality of life for its new residents while strengthening the community. It will bring new vitality to downtown and jobs that will provide employment and the promise of a brighter future for those who will work there. We appreciate the Governor’s efforts that maintain our momentum.”
