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ESD Announces Groundbreaking on Lake Tunnel Solar Village Project in Geneva
Empire State Development (ESD) announces a groundbreaking will take place later this afternoon for one of the most technologically advanced housing developments in the northeastern United States. The Lake Tunnel Solar Village project in the City of Geneva, is one of the 12 projects supported byGovernor Andrew M. Cuomo’stransformative Downtown Revitalization Initiative (DRI). Geneva was the Round I winner of the $10 million competition. $1.25 million has been committed to the project. Lake Tunnel Solar Village is a green infill residential development that will also serve as a demonstration project for a new product called the LifeWall, which harnesses solar power. The energy efficient modular units, which will make up the village, will also be manufactured on Forge Avenue in Geneva. The 24 condominiums and 8 townhomes will be transported from the factory to the lakefront site, and will exclusively use solar electric and heat pump technology. Developers Lake Tunnel Solar Village, LLC, led by Marita and Tracey Wallace, expect that the first occupants will be able to move into available units by the end of the year…
Accelerating Finger Lakes Forward
Today’s announcement complements “Finger Lakes Forward,” the region’s comprehensive blueprint to generate robust economic growth and community development. The State has already invested more than $5.2 billion in the region since 2012 to lay the groundwork for the plan – investing in key industries including photonics, agriculture and food production, and advanced manufacturing. Today, unemployment is down to the lowest levels since before the Great Recession; personal and corporate income taxes are down; and businesses are choosing places like Rochester, Batavia and Canandaigua as a destination to grow and invest in.
Now, the region is accelerating Finger Lakes Forward with a$500 million State investmentthrough the Upstate Revitalization Initiative, announced by Governor Cuomo in December 2015. The State’s $500 million investment willincentivize private business to invest well over $2.5 billion– and the region’s plan, as submitted, projects up to 8,200 new jobs. More information is available here. (https://esd.ny.gov/finger-lakes-forward-uri)
https://esd.ny.gov/esd-media-center/press-releases/lake-tunnel-solar-village-geneva