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In October 2007, the State of New York committed to funding the tens of millions of dollars essential to level retail as well as office buildings in Rochester. Just recently, a contractor was approved to begin the work. The $9.6 million project, which includes completely demolishing six buildings, three skyway bridges plus the partial demolition of Midtown Mall, Midtown Tower as well as the Seneca Building, will without charge up 8.6 acres in the heart of the city for recent construction. The city is certain that the state will make pleasant on its commitment, but construction will not start until the budget is approved. To date, the state has handed out $39 million for the Midtown project, including $34 million for asbestos abatement. Before the project is over, costs may run as high as $90 million, including infrastructure improvements. The state has agreed to $55 million as well as the city hopes to rely on intimate funding as well as federal dollars, in addition to its own coffers, to make up the rest. For the filled story, go to RocNow. |