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Project

Newton Falls Rail Line

At a Glance

Status

concluded

Agency

St. Lawrence County IDA

The 46.25 mile Newton Falls Rail Line is currently owned by respective
Industrial Development Agencies in Jefferson, Lewis and St. Lawrence
Counties. Rehabilitation and reopening of this section of railroad is being
sought in order to restore the most efficient, safe, reliable and  environmentally acceptable freight transportation mode into the Adirondacks. This would provide the most cost effective transportation to service the paper mill at Newton Falls and Benson Mines in Star Lake.

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Rushton Place, LLC

This project consists of the acquisition of property located at One Main Street and 5 Riverside Drive, Ca nton and converting the property to commercial space (1st floor), residential space (2nd floor) and parking.

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Hoosier Magnetics, Inc.

Hoosier Magnetics, Inc. is a family-owned and operated business that produces ferrite powder, the major raw material for permanent magnets. The Company is seeking funding to upgrade its pollution control equipment, which no longer meets DEC emission requirements.

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