US Army Corps of Engineers signs off on Mohawk Harbor

SCHENECTADY — It looks like Mohawk Harbor will live up to its name. The U.S. Army Corps of Engineers signed off on a permit allowing the Galesi Group to move forward with a key component of the developer’s plans to revitalize the old Alco site — a 50-slip harbor. The Army Corps officially made its decision Monday, according to 1st Vice Chair Brad Sherwood. Construction of the harbor could start this spring, said Galesi Group Chief Operating Officer David Buicko. The Army Corps’ approval enables the Rotterdam developer to carve into part of the 60-acre brownfield to create a three-acre harbor with 50 boat slips. Galesi plans to build apartments, condominiums and retail around the harbor. As p

Boost from a Casino-to-be

It will be several years before visitors arrive, but the Rivers Casino and Resort at Mohawk Harbor project is already helping the city's fiscal health. Mayor Gary McCarthy on Tuesday said that Moody's Investors Service last month affirmed the city's bond rating at A3 and removed the negative outlook in part because of expected increased revenue and sales tax growth from construction and tourism from the development on the former ALCO site. "It's what's happening in Schenectady across the board, and the bottom line is that this is good for residents and businesses in Schenectady," said David Buicko, chief operating officer of Rotterdam-based Galesi Group, which owns the 60-acre site on Erie B