What is the DRI process?

Who is involved?

What is the DRI Area?

How will projects be selected?

How can the community participate in this process?

How long will this process take?

What is the DRI process?

The Village of Tannersville was selected by the Capital Region Regional Economic Development Council to receive a $10 million award from New York State through the Downtown Revitalization Initiative (DRI). The DRI investment will allow Tannersville to develop a strategic investment plan and implement key catalytic projects that advance its vision for downtown revitalization. Projects selected for DRI funding will transform the downtown and support a vibrant local economy.


Who is involved?

The DRI planning process is led by a Local Planning Committee (LPC) of representatives from Village government, community organizations, local businesses, and local residents. A portion of the State’s funding is allocated to the planning process, which is guided by a team of consultants who assist the LPC in research and analysis, community engagement, and drafting of the strategic investment plan. The DRI process also involves input and coordination of several State agencies: the Department of State (DOS), ESD, the Department of Homes and Community Renewal (HCR), and the New York State Energy Research and Development Authority (NYSERDA).

Most importantly, the Tannersville community at-large is a critical part of the DRI process. The LPC and the entire DRI team will work to ensure that the public is informed throughout the process and is empowered to have meaningful input on the vision for the Tannersville DRI area as well as the projects to be selected to DRI funding. Check the Get Involved tab for opportunities to participate.



Andre Rainey Mayor of Peekskill

Marsha Gordon Business Council of Westchester

Bill Balter Wilder Balter Partners

Kay Barthelmes Peekskill Conservation Advisory Council

Tom Carey Westchester Putnam Central Labor Body

Jonathan Drapkin Hudson Valley Pattern for Progress

Brian Fassett Peekskill BID

Monica Flaherty Business Owner/Investor

Conor Greene Peekskill Walks

Louis Lanza Business Owner/Investor

Leslie Masson Peekskill Trolley Company

Sherry Mayo WCC Center for the Digital Arts

Deb Milone Hudson Valley Gateway Chamber of Commerce

Ocean Morisset Peekskill Arts Alliance

Wilson Narvaez Business Owner

What is the DRI Area?

The Tannersville DRI boundary largely follows the Village lines. Tannersville’s Main Street corridor may be considered the core of the DRI area, which extends to the south up to the Spruce Street area, while the north, east and west boundaries follow the Village limits.



How will projects be selected?

At the conclusion of the DRI planning process, the LPC will approve a slate of projects to be recommended to the State for DRI funding. Ultimately, the State will make the final decision on which projects receive funding.

Criteria for project selection include (but are not limited to) the following: a project that will most effectively advance the community’s DRI strategies; that will have the greatest public benefit; that are primed for implementation; and that enjoy broad stakeholder support. Also, a project shall be within the DRI boundary (see map above). The LPC is encouraged to choose projects that will be catalytic and that present the strongest likelihood of jump-starting or continuing downtown revitalization and investment in the community.


An Open Call for Proposals is one of the methods the LPC will be using to identify projects for inclusion in the Strategic Investment Plan. The purpose of the open call is to hear from members of the community who have potential transformative projects on privately-owned sites that provide economic and community benefits. More info on the Open Call process will be posted on this website and publicized through other channels in the next few weeks.


Recommended projects may range in cost and scale from small improvements to large-scale construction projects, from zoning updates to major infrastructure projects. For private for-profit projects, DRI funds may not exceed 40% of the total project cost. While DRI funding may be used to cover the entire cost of a public or not-for-profit project, leveraging of investment dollars from other sources (i.e., private, local, federal, or other state sources) is strongly encouraged. LPCs may establish more restrictive match requirements.


How can the community participate in the process?

Everyone is encouraged to participate in the public events, attend the LPC meetings and comment on projects that will be considered by the LPC. The public will help shape the Strategic Plan and contribute to project ideas. Specific dates for public workshops and other events are yet to be determined. We encourage you to subscribe to updates by filling this form.” [INSERT LINK FOR SUBSCRIPTION FORM]


How long will this process take?

The DRI planning process began in December 2021 and will conclude in July 2022. Once the Tannersville LPC has submitted its strategic investment plan, the State will review the recommended DRI projects and release its list of approved projects within approximately 3-4 months. From that point, the various State agencies will work with project sponsors to initiate planning, design, and construction of the projects. Depending on the complexity of the project, it can take anywhere from a year to several years to fully implement a DRI project after the State’s approval. However, the DRI process is intended to prioritize those projects that can be implemented quickly. All projects receiving DRI funding must be initiated within two years of award.