MALONE — A three-phase plan by North Country Community College to renovate buildings in Malone is still in need of funding.
The project was not chosen in August as a funding priority by the North Country Regional Economic Development Council.
College President Dr. Steve Tyrell directed questions about the project to Bob Hest of Fuller Communications, who helped prepare the consolidated financial application that NCCC sent to the Economic Development Council last summer.
Despite not being picked, the plan for restoration of the Flanagan Hotel and the Lashomb building next to it are still very much part of ongoing economic-development discussions, according to Hest.
He said the project is not precluded from state-funding awards.
The Economic Development resource streams have several layers. And NCCC’s Malone project qualifies for support from four sources, Hest explained.
“The CFA (consolidate financial application) for all three phases looks to spend $11.7 million, though the state-aid request is $1.25 million,” Hest said of the project.
Build-out would extent up to 42 months, starting in January.
The college renovation targets revitalization at the center of Malone, bringing 150 to 175 additional students to downtown classrooms.
“Phase 1 is rehabilitation of the Lashomb building, a three-story building next to the Flanagan Hotel. In that will go NCCC art studios for the fine arts, including a foundry for metal-working,” Hest said.
“Phase 1 also includes renovating the ground floor of the Flanagan, to be utilized as classrooms, student services center and a bookstore, along with offices for instructors.”
The entire $3 million targeted for Phase 1 is from private investors.
Work on the Lashomb and on the ground floor of the Flanagan is slated to begin in January, looking to open for NCCC students in fall 2014.
“The banks are waiting to see what is going to happen with the state’s interest in the project,” Hest said.