By Melanie Yingst
March 14, 2014
TROY — The city of Troy’s Historic Downtown is getting a face lift — no Botox required.
Instead, multiple investors have chiseled, drilled and poured hundreds of thousands of dollars in to the exteriors of many downtown buildings in the last several years.
At the Troy Main Street annual meeting Tuesday, Executive Director Karin Manovich said in 2013, $170,000 was invested in exterior renovations of downtown businesses improvements.
“So we had $170,000 worth of private investment in improving the exteriors,” she said. “Looking back at the last four years, that number is over $700,000 invested in the outsides of our historic buildings, so Troy is putting money in to their buildings so we’re happy about that.”
Troy Main Street also received a $10,000 “forgivable loan” for its new Facade Improvement Program from the city of Troy in its 2014 budget.
According to Manovich, Troy Main Street is attempting to raise funds for a pilot Façade Improvement Cash-Match Grant program for a targeted area in downtown Troy.The fundraising effort is still in the early stages, according to Manovich.
“We have not raised sufficient funds to move forward at this point, and are continuing efforts to fund a program,” she said via email. “The City has offered us seed money in the form of a forgivable loan. We have not applied for the loan, and are waiting on the results of other fundraising efforts to see if we will have enough money to move forward with the program.”
According to city of Troy’s director of public service and safety’s Patrick Titterington, the $10,000 is to “seed” the program so Troy Main Street can jump start the fund from private sources. The fund is not earmarked for any particular building in downtown Troy, he said.
“We, of course, see the downtown as a very important part of our economic development vision, along with riverfront development,” Titterington said.
Troy’s Downtown Historic District is on the National Registry of Historic Buildings. Some downtown buildings range in age from 1847 to 1908.
The city of Troy also supported Troy Main Street with a budget of $55,000 for its own fund in 2014. Also, Manovich said more than 100 local entities donated to TMS to support its events in 2013.
Troy Main Street also presented two awards at the meeting on Tuesday:
Preservation Hero Award-the Masonic Temple
The Preservation Hero Award was received by Tim Ray on behalf of the Masonic Temple for their window preservation and restoration project that included restoring 32 historic wood windows and the restoration of six monumental stained glass windows, several of which are attributed to Tiffany.
Community Impact Award-Will Harrelson, Carri Walters
Will Harrelson and Carri Walters received the Community Impact Awards for their roles in securing over $37,000 in volunteer stipends to local non-profit groups as Legal Counsel (Harrelson) and Co-Volunteer Coordinators (Harrison and Walters) for the Gentlemen of the Road Stopover.
For more information about Troy Main Street’s events and marking efforts, visit www.troymainstreet.org
Melanie Yingst can be reached at (937) 440-5254 or follow her on Twitter @Troydailynews