COR receives final approval for Mercy project

COR Development Co. cleared a final hurdle on Monday night when the City Council approved the site plan for the redevelopment of the former Mercy Hospital site. [Read more…]

Mercy project clears zoning approval

The redevelopment of the former Mercy Hospital site cleared a major hurdle on Wednesday night when the city’s Zoning Board of Appeals approved a compromise that allows for an urban feel for the project and room for potential future widening of Arsenal Street. [Read more…]

Mercy project’s site plans to go before Planning Board

The city’s Planning Board will take a first look today at COR Development Co.’s $30 million redevelopment of the old Mercy Hospital site. [Read more…]

Watertown Trust approves incentive program for downtown business district

The downtown business district will be getting another shot in the arm from the Watertown Local Development Corp. [Read more…]

COR outlines progress of Mercy Hospital project

COR Development Co. plans to start the first phase of construction at the former Mercy Hospital site this summer with 108 apartments and 30,000 square feet of commercial space. [Read more…]

January 2016 Cover Story: Economic Outlook

Slow and steady
growth wins the race

OUTLOOK 2016 / MILITARY: A soldier salutes during the presentation of the colors last year in an activation ceremony for the 10th Mountain Division Divarty. As the post avoided major cuts in 2015, Fort Drum officials remain positive that 2016 will be a healthy year for one of region’s top economic sectors. Photo by Amanda Morrison, NNY Business.

OUTLOOK 2016 / MILITARY: A soldier salutes during the presentation of the colors last year in an activation ceremony for the 10th Mountain Division Divarty. As the post avoided major cuts in 2015, Fort Drum officials remain positive that 2016 will be a healthy year for one of region’s top economic sectors. Photo by Amanda Morrison, NNY Business.

Despite a few challenges, experts say the region is on pace for a positive year in 2016. Six sectors of the north country’s economy are ripe with opportunities for growth.

By Karee Magee, NNY Business

A grim fate cast a pall over the north country in early 2015, as federal budget sequestration threatened to cut up to 16,000 personnel from Fort Drum in an effort by the army to trim its active duty force from 490,000 to 450,000 by fiscal year 2017. [Read more…]