Norwich Museum District
Norwich, NY / Real Estate Development Opportunity
Real Estate Development Opportunity
Project Name: Norwich Museum District
Location: N/A
Total Project Size: $4,000,000
Equity Amount Seeking: $2,000,000
Local Agency Partner: Commerce Chenango
Contact Email: stestani@chenangony.org
Contact Phone: 607-334-1400
Sponsor: N/A
Why Norwich Museum District is a Great Opportunity.
The Norwich Museum District Streetscape Improvement project is an effort to enhance the aesthetics and cohesiveness of the multiple museums on Rexford Street in the City of Norwich. Home to the Northeast Classic Car Museum, the largest auto museum in the Northeast, the Chenango County Historical Society and Museum, and the Bullthistle Model Railroad Museum, the Norwich Museum District attracts people from all over.The Streestscape improvement project would install new sidewalks and curbing with ADA compliant ramping, benches, wayfinding signs, burying above ground utility lines, facade improvements for residential homes, crosswalk striping, and more upgrades.
Other Site Attributes:
Historic structure on site (60+ years old)
State / Local Incentives:
N/A
Current Project Status: Permitting and other approvals
Current Land Control Status: Acquired, obtained options, or otherwise control all acreage
About the Market:
N/A
About the Sponsor:
The project is being undertaken by the Friends of the Museum District Committee, under the umbrella of Development Chenango Corporation. Development Chenango Corporation has a longstanding history of managing large projects including a multi-million dollar railroad revitalization.
The Friends of the Museum District committee is made up of local economic developers, an engineer, representatives of large employers, representatives from the City of Norwich, the museums, property owners and other volunteers. Members of the Committee have a very diverse background and have been involved in the community and undertaken large projects in their respective fields.
Economic / Social / Environmental Impact:
The Norwich Museum District is located at one of the main entrances into the City of Norwich. By having these streetscape improvements completed, it would be an excellent first impression to visitors. In addition, this project is an economic multiplier, with more visitors comes more money spent locally in our community at restaurants, downtown shops, and gas stations.
The Norwich Museum District is located at one of the main entrances into the City of Norwich. By having these streetscape improvements completed, it would be an excellent first impression to visitors. In addition, this project is an economic multiplier, with more visitors comes more money spent locally in our community at restaurants, downtown shops, and gas stations.