Single-family home sales, the region’s largest segment, fell 7.1% to 2,565, while median prices rose 4.7% to $748,500.
DelliPaoli brings more than two decades of nonprofit leadership experience, with a strong background in community engagement, human resources and organizational development.
The LINC Project will transform a section of Memorial Highway — originally built in the 1960s and responsible for severing a historically Black neighborhood—into a linear park and community connector.
The LINC Project will transform a section of Memorial Highway — originally built in the 1960s and responsible for severing a historically Black neighborhood—into a linear park and community connector.
NEW ROCHELLE—After the federal government last year threatened to pull more than $16 million in promised funding for the long-awaited LINC revitalization project, New York State announced yesterday it would fill the funding gap.
New York Gov. Kathy Hochul visited New Rochelle yesterday and announced $16 million in state funding awarded to advance New Rochelle’s LINC (Linking Innovation, Nature, and Community) Project that will deliver a connection between the downtown area, the train station, the library and Lincoln Avenue.
The LINC Project will transform a section of Memorial Highway—originally built in the 1960s and responsible for severing a historically Black neighborhood—into a linear park and community connector. The project will right-size the existing six-lane highway into a local street and green corridor, connecting downtown, the train station, the public library and Lincoln Avenue.
“Cuts by the Trump Administration threatened to derail this LINC Project for the New Rochelle community—and that's why I'm stepping up to fill the gap and ensure that this vital plan can proceed," Gov. Hochul said. “By transforming an outdated highway into green space, safe streets and vibrant public gathering places we are bringing communities together that were divided for generations. The City of New Rochelle is a prime example of what can be accomplished when we let municipalities build, build, build.”
City of New Rochelle Mayor Yadira Ramos-Herbert said, “I want to sincerely thank Governor Hochul for this extraordinary $16 million investment in New Rochelle. She has been a steadfast champion from the very beginning and a critical partner in securing the funding needed to keep the LINC moving forward. This support advances a transformational effort that strengthens economic connection, supports working families, and ensures that as New Rochelle grows, we do so thoughtfully and in a way that benefits residents today and for generations to come. We are grateful for the state’s partnership and shared commitment to that vision.”
State Senate Majority Leader Andrea Stewart-Cousins said, “For decades, Memorial Highway divided Lincoln Avenue from downtown New Rochelle, limiting opportunity and weakening a once thriving Black community. The LINC project will reconnect these neighborhoods, create vibrant public space, and help correct longstanding inequities. I was proud to help launch this effort through the Downtown Revitalization Initiative, and with $16 million in new funding, we are closer than ever to making it a reality. I thank Governor Hochul for her continued partnership to a safer, more equitable New York.”
The LINC project will create safe and attractive pedestrian crossings, bike lanes, recreational space, and gathering areas, replacing a longstanding physical and social barrier with a shared community asset that allows residents and local businesses to benefit from downtown revitalization and economic growth. Building on the city’s 2018 Downtown Revitalization Initiative award, the LINC supports more than 11,000 housing units already authorized and could unlock an additional 1,500 new units, state officials noted.
Single-family home sales, the region’s largest segment, fell 7.1% to 2,565, while median prices rose 4.7% to $748,500.
DelliPaoli brings more than two decades of nonprofit leadership experience, with a strong background in community engagement, human resources and organizational development.
Month-over-month pending home sales rose in the Midwest and West, and declined in the Northeast and South.
Regeneron Pharmaceuticals abandoned plans last November to spend $139 million to renovate the former Avon Products facility it had acquired in December 2023 for $38,875,000 from Avon Capital Corp.
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