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 Corp

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 Schenectad