Local experts discuss north country’s economic outlook at Chamber event

The Economic Forecast event featured a panel of five speakers discussing the economic trouble spots and assets in the north country.

The Economic Forecast event featured a panel of five speakers discussing the economic trouble spots and assets in the north country. Photo by Stephen Swofford, Watertown Daily Times.

Trying to get a glimpse of the local economic future is more like staring into an opaque globe than a crystal ball, noted Donald C. Alexander, chief executive officer of Jefferson County Economic Development. [Read more…]

May 2015 Cover Story: Growth and Revitalization

Rising from the past for a better future

Mark Pelletier, project manager for COR Development, Fayetteville, stands atop the rubble of the former Mercy Hospital site. COR began an aggressive $65 million to $75 million redevelopment of the site in 2014. The project is on track for completion in 2016 or 2017. The finished product is slated to have 40,000 square feet of retail and office space and 160 to 200 apartments. COR plans to build the apartments first, with the commercial space to follow. Photo by Justin Sorensen, NNY Business.

Mark Pelletier, project manager for COR Development, Fayetteville, stands atop the rubble of the former Mercy Hospital site. COR began an aggressive $65 million to $75 million redevelopment of the site in 2014. The project is on track for completion in 2016 or 2017. The finished product is slated to have 40,000 square feet of retail and office space and 160 to 200 apartments. COR plans to build the apartments first, with the commercial space to follow. Photo by Justin Sorensen, NNY Business.

From Massena to Watertown, Ogdensburg to Lowville, efforts to revitalize urban centers take hold as public and private investment tops $250 million. Those involved say the north country is finally on a much brighter path since the 2008 recession battered the region.

By Lorna Oppedisano, NNY Business [Read more…]