NY Pub Auth L § 2651 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 28-B - Schenectady Metroplex Development Authority 2651 - Statement of Legislative Findings.

§  2651.  Statement  of  legislative  findings.    It is hereby found,   determined and declared that there is an immediate need to  institute  a   comprehensive, coordinated program of economic development activities in   the  Route  5 and Route 7 corridors of Schenectady county, especially in   the downtown region of the city of Schenectady.It is further found, determined and declared to be desirable to create   a Schenectady metroplex development authority to provide  the  state  of   New  York,  and  the  county  of  Schenectady,  with  the  capability to   effectively and efficiently develop, renovate and optimize the  economic   and  social  activities  of  the  Route  5  and  Route  7  corridors  of   Schenectady county.It is  also  hereby  found,  determined  and  declared  that  existing   facilities  in  the Route 5 and Route 7 corridors of Schenectady county,   for conventions, trade exhibitions, public shows, public  entertainment,   hotel  accommodations,  transportation,  historic preservation, tourism,   sporting events, social and educational centers, and  retail,  business,   commercial  and  government  office  space,  including  services for the   operation and maintenance thereof, are inadequate.It is further found, determined and declared that the construction and   operation  of  such  new  facilities  to  adequately  accommodate   such   activities would generate new business, create employment opportunities,   provide  new  sources  of tax revenue, and promote effective and orderly   redevelopment in the vicinity of the Route 5 and Route  7  corridors  of   Schenectady  county, all of which would serve the interests of the state   of New York, and the county of Schenectady.It is also found,  determined  and  declared  that  the  area  in  the   vicinity  of  the Route 5 and Route 7 corridors of Schenectady county is   an  area  characterized  by  deteriorated  industrial   and   commercial   structures,  uncoordinated  and incompatible commercial uses, inadequate   public  facilities,  and  substandard  conditions,  all  of  which   are   detrimental  to  the  economic and social well-being of residents of the   state  of  New  York  and  the  county  of  Schenectady,  and  that  the   construction  and  operation  of  such  new facilities in such area will   serve as a catalyst for redevelopment, and a rejuvenation of civic pride   and accomplishment.It is further found, determined and declared that the construction and   operation of such new facilities will provide significant  economic  and   social benefits to the state of New York, the county of Schenectady, and   the  entire  capital  district region, and that, consistent with social,   economic, environmental and  other  essential  considerations  of  state   policy,  locating  these  new  facilities  in  the  Route  5 and Route 7   corridors of Schenectady county is in the  public  interest,  given  the   convenience  and  accessibility  of  the  location,  the  elimination of   substandard conditions,  the  nature  and  economic  characteristics  of   various  other  sites  considered, and the immediacy of the needs of the   people of the state for the realization of the significant economic  and   social benefits to be derived from this development.It  is also found, determined and declared that the development of the   Route 5 and Route 7 corridors of  Schenectady  county  is  a  matter  of   essential  state  and  county  concern,  and  that the establishment and   creation of a Schenectady metroplex development authority  is  necessary   to  provide  for  the  economic  prosperity,  health, safety and general   welfare of the people of the county of Schenectady and the state of  New   York,  through  the construction, development, location and operation of   these new facilities.It is further found, determined and declared that is the intent of the   legislature that the Schenectady metroplex development  authority  shall   carry  out  its  purposes  and  responsibilities  directly  and  through    agreements with federal, state and local entities and  authorities,  and   that the Schenectady metroplex development authority shall be created as   a  public benefit corporation and that the corporate programs and powers   conferred  under  this  title  and  the  expenditures  of  public moneys   pursuant thereto, are in furtherance of  a  valid  public  interest  and   public purpose.