A Long Island developer has lined up city and state money to help cover some of the costs of a proposed 102-unit Binghamton apartment complex.

Robert Muchnick, president of The Metro Group, and Mayor Jared Kraham made a brief appearance Wednesday at the First Ward site of the planned $40 million housing project.

A 102-unit apartment complex is planned for this site near the defunct Charles Street power generating plant, which is now owned by the city. (Photo: Bob Joseph/WNBF News)
A 102-unit apartment complex is planned for this site near the defunct Charles Street power generating plant, which is now owned by the city. (Photo: Bob Joseph/WNBF News)
loading...

The complex received a critical boost last December when state officials approved a request for nearly $3 million for the project.

The city of Binghamton now is planning to kick in $2.2 million in the American Rescue Plan Act funds it received from the federal government.

Kraham has said the project will be contingent on affordable housing tax credits from the state.

The multi-story apartment building is to be constructed on a vacant four-acre parcel on Clinton Street between Jarvis and Hudson streets.

The Vail-Ballou Press book printing plant once was located on the site. An M&T Bank branch office also was located on the property for a time. The bank building later was sold to Broome County for use as a DMV office.

The Binghamton DMV office had been located in this Clinton Street building until January 2014. (Photo: Bob Joseph/WNBF News)
The Binghamton DMV office had been located in this Clinton Street building until January 2014. (Photo: Bob Joseph/WNBF News)
loading...

The land is owned by FRGK Realty, which is tied to Rogers Service Group. Four years ago, that company told city officials it planned to build a 30,000-square-foot storage building on the site.

Ron Rogers said the business had "outgrown the space" at its existing Clinton Street facility. The company never explained why it didn't build the new storage building.

The former DMV building was torn down in May 2019. (Photo: Bob Joseph/WNBF News)
The former DMV building was torn down in May 2019. (Photo: Bob Joseph/WNBF News)
loading...

In addition to low-income housing tax credits, The Metro Group plans to tax breaks under the state's brownfield cleanup program.

People shouldn't expect to move into the planned apartment complex anytime soon. Groundbreaking for the project now is slated for 2025.

KISS 104.1 logo
Enter your number to get our free mobile app

Contact WNBF News reporter Bob Joseph: bob@wnbf.com. For breaking news and updates on developing stories, follow @BinghamtonNow on Twitter.

CHECK IT OUT: 100 sports records and the stories behind them

 

LOOK: Stunning vintage photos capture the beauty of America's national parks

Today these parks are located throughout the country in 25 states and the U.S. Virgin Islands. The land encompassing them was either purchased or donated, though much of it had been inhabited by native people for thousands of years before the founding of the United States. These areas are protected and revered as educational resources about the natural world, and as spaces for exploration.

Keep scrolling for 50 vintage photos that show the beauty of America's national parks.

More From KISS 104.1