4.29.21 - Placid apartment builder gets state aid it was waiting on
'The state of New York is giving a Westchester County developer a big boost of capital to help build 60 apartments deemed affordable for local workers — something identified as being in critically short supply here.'
'The state said $3.9 million will go to the MacKenzie Outlook project, just outside the Lake Placid village line in the town of North Elba. Its apartments would house some of the estimated 2,500 athletes visiting Lake Placid for the 2023 Winter World University Games, and then would become long-term housing that Lake Placid’s many hotel, restaurant and retail workers could afford.'
'It’s being built by Regan Development of Ardsley, a company that owns about four dozen housing developments in southern New York, New Jersey, Connecticut and Pennsylvania. President Larry Regan said this state funding award is what they were waiting for in Lake Placid.'