Former Key Bank Building Receives $500,000 Grant to Assist with Redevelopment

The former downtown Key Bank location, located on the northeast corner of Second and Main Streets. (google street view)

JAMESTOWN – A former bank and downtown landmark will receive major funding from the state to help in a redevelopment project.

Late last week Gov. Andrew Cuomo announced that nearly $40 million has been awarded to 75 communities from the state’s Restore New York Communities Initiative. Locally, Jamestown will receive $500,000 to help with the redevelopment of the former Key Bank Building on the northeast corner of Second and N. Main Streets.

The four-story building was purchased last July by during a closed auction by Arnold Duke of Bemus Point. The developer wants to use the building for commercial and office space.