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Redevelopment of the Corning Hospital site was a
major focus of the Steuben IDA in 2016. The collaborative
effort between Guthrie Corning Hospital, Riedman
Development, Purcell Construction, the City of Corning,
and Corning Community College resulted in a $35 million
investment to create a center for healthy living and health
based education in Corning's downtown.
Phase I got underway in 2016 and includes the
demolition of the former Guthrie Corning Hospital and
the construction of a 21,000 sq. ft. school for nursing and
healthcare careers for Corning Community College. The
healthcare industry is the fastest growing industry sector
in the region with an expected employment growth rate
of 10%. The new education facility will deploy the latest
technology to train the next generation of healthcare
workers in the community and help fill an ever-growing
need for healthcare professionals.
In addition to the training facility, Phase II of
the project is expected to begin construction in 2017
and will include 85 market rate apartments and up to
10,000 sq. ft. of commercial development. An additional
45 residential units and more commercial space will
follow, helping to fill the growing demand for downtown
living options. The entire development is expected to be
completed by 2020.
To help facilitate this development, the IDA received
an $8 million Empire State Development (ESD) grant
to support demolition of the hospital building and
construction of the Corning Community College project. In
addition, the IDA provided a 10-year PILOT along with sales
and mortgage tax relief to support this phase of the project.
Upon completion, the project will create 114 new jobs.