Lowey Announces $3.2 Million for the Town of Cortlandt in Wake of Impending Closure of Indian Point

September 29, 2020
Press Release

Federal Funds Will Be Used to Build an Educational Recreation Facility and Improve Surrounding Infrastructure to Create New Jobs and Expand Town’s Tax Base

WHITE PLAINS, NY – Congresswoman Nita Lowey (D-NY17/Rockland-Westchester), Chairwoman of the House Appropriations Committee, today announced that the Town of Cortlandt has been awarded $3.2 million from the U.S. Department of Commerce’s Economic Development Administration (EDA) Assistance to Nuclear Closure Communities Program. This funding, from the EDA’s Public Works and Economic Adjustment Assistant (PWEAA) program, will be used for a new educational recreation facility on town-owned property on the Hudson River and infrastructure improvements including roads and a water line.

Indian Point Energy Center is due to close April 2021, costing the area 1,100 jobs and millions in tax payments. In the three years since the announcement of the closure, Lowey has been working with local officials to provide federal economic assistance to the area.

“This federal funding will help the Town of Cortlandt expand its tax base to assist property owners and offer new jobs to area residents when Indian Point officially closes in 2021,” said Congresswoman Lowey. “The closure of a nuclear plant has a significant economic impact on the surrounding community. I am so pleased that the program I established will give the residents around Indian Point access to the economic resources and opportunities they need.”

“As Supervisor of the Town of Cortlandt, I am so pleased and very excited about today’s announcement from Congresswoman Nita Lowey that the Town of Cortlandt will receive a $3.2 million grant from the Economic Development Administration from the Federal Government.  The grant will be for our plans at the Cortlandt Quarry Park site in our hamlet of Verplanck section of the Town,” said Supervisor of the Town of Cortlandt Linda Puglisi. “This grant was submitted for our vision of these 99 acres, adjacent to the Hudson River that the town purchased 5 years ago.  The purpose of the purchase was for recreational uses and perhaps for some small business (privately owned) only and to help produce some jobs and tax revenue to offset losses when Indian Point closes. I am so very grateful to Congresswoman Lowey who saw the VISION!  The Congresswoman has always listened to us and has delivered for our community time-after-time.  Thank you, Congresswoman Nita Lowey!”

In December, as Chairwoman of the House Appropriations Committee, Congresswoman Lowey announced a new program she created to make federal funds available to help the Lower Hudson Valley deal with the economic burden of the Indian Point Energy Center’s closure. These funds will provide this federal grant for Cortlandt through EDA’s PWEAA. She led Congress in ignoring the Trump Administration’s request to eliminate the EDA. Instead, the federal spending bill that funded this new grant program included $27.5 million above the fiscal year 2019 enacted level for EDA. To further leverage this investment, the HEROES Act, which Lowey introduced and the House passed to provide relief in the wake of COVID-19, would waive the requirement for matching funds. This would allow the Town of Cortlandt to redirect their planned contribution toward other development opportunities or to address other municipal needs. Lowey will continue working to pass a bipartisan HEROES package, including this provision.

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