YMCA project receives $900,000 from economic promoters
WATERTOWN, New York (WWNY) – The Watertown YMCA has secured the funding it has been seeking for its planned community and aquatic center on Arsenal Street.
At a meeting of the Jefferson County Industrial Development Agency and the Jefferson County Local Development Corporation on Thursday, the groups agreed to make available the $900,000 the Y was seeking from county lawmakers, but were refused.
The money will be a mix of a $400,000 grant and not collecting a $500,000 rental payment from the Y for the building, which JCIDA owns, with the hope of being reimbursed to the future.
Earlier this week, county lawmakers said no to giving the Y $880,000 in American Rescue Plan Act funding to help convert the old call center into a new community and aquatic center.
Dave Zembiec, managing director of JCIDA, says one of the main reasons to support the project is its expected economic impact.
“This is a huge economic development project – up to $30 million in investment in our downtown, our county seat, and what that means for retail attraction, amenities, people we’re trying to attract to the area, that would have an impact on drawing more activity downtown,” Zembiec said.
Even with this funding, at the last word, the project still has a funding gap of $7 or $8 million. The Y board will make a decision next week on whether to continue with the project.
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