Downtown Revitalization Initiative

Downtown Revitalization Initiative Projects

DRI Status Report - February 2024

The City of Peekskill has been awarded $10 million through Round 4 of New York State's Downtown Revitalization Initiative (DRI) for the Mid-Hudson region. The DRI award will catalyze innovative publicly- and privately-led improvements to Peekskill's downtown and waterfront. These projects will focus on providing safe and convenient pedestrian amenities that link existing community assets with new sites for tourism, the arts, recreation and business growth, generating employment opportunities for a range of skill and wage levels. Read Peekskill's DRI Strategic Investment Plan (2020) (PDF).

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Downtown Revitalization Fund (DRF)

DRF award recipients have been announced (PDF) and the application period is currently closed! The DRF was created to help businesses and property owners in the DRI Boundary (PDF) make capital improvements. Up to 90% of funding is available on a reimbursable basis for eligible project costs. View archived application and informational materials (PDF).