He said as many as 100 jobs could be added, carrying least $11 million in economic impact in the next three years.
In a resolution sent to Roseanne Murphy, executive director of the North Country Regional Economic Development Council, town officials said the college’s plan is in line with the council’s overall strategy for the region and with Malone’s Local Waterfront Redevelopment Plan, which was accepted by the state in 2012.
Student housing would be part of the downtown plans, where private investors would build or refurbish the buildings that the college would eventually lease.
NCCC says out-of-state enrollment “from neighboring counties and parts of Canada” could increase with the housing opportunities.
“The college has already begun recruiting students from these new markets and has introduced a housing scholarship to attract new students to programs under expansion,” the letter states.
The hydropower project would bring a 350-kilowatt hydro-generator in the Salmon River online.
The electricity produced would power the college’s Fine Arts program kilns and forges and open up opportunities to partner with investors, other colleges and Cornell Cooperative Extension for agricultural-technology programs.
That could include hydroponic, aquaponic and aeroponic industries that could, for example, provide fresh produce year-round to schools and Joint Council for Economic Opportunity programs and create more jobs.
The resolution concludes that the Town Council supports the efforts of the Village Board, whose members are working with NCCC on agreements for infrastructure, parking and public transportation.
HOTEL IN LIMBO
The Flanagan, at the corner of Main and Elm streets, was vacant following the 1997 arson fire, and a man who broke into the boarded-up building during a night of drinking fell to his death down the elevator shaft in 1999.
Frank Cositore Jr., who is now a town justice in Malone, purchased the building in 2004 as president of UICC Holding Corp. LLC with plans to create a high-end hotel to attract national conventions and events.