YONKERS, NY – December 15, 2017 –YONKERS, NY – December 15, 2017 – The Mid-Hudson Regional Economic Development Council this week awarded Yonkers’ iconic Glenwood Power Plant a $1 million grant for its redevelopment. The grant will help fund Phase II of the redevelopment of the former power station. Owned by The Goren Group, the Glenwood Power Plant is located on the banks of the Hudson River in Yonkers.

“Economic development, job creation and investment are on track in Yonkers, and the adaptive reuse of the Glenwood Power Plant is a big component of our revitalization,” said Mayor Mike Spano. “With the support of Governor Andrew Cuomo and the Economic Development Council, we can continue the progress of the last six years, growing our city, improving our economy and redefining Yonkers as the best city in which to live, work and play.”

The Goren Group plans on preserving and redeveloping the iconic turn of the century Glenwood Power Plant into a cultural destination and performance space for members of the Yonkers community and an international tourist destination. During this second phase of redevelopment, The Goren Group will continue to focus resources on infrastructure improvements, rehabilitating the buildings on site to include the largest and most majestic of the three buildings, Turbine Hall.

“We are excited for the construction of the next phase of the ‘PowerHouse,’ thanks to New York’s Regional Economic Development Council,” said Lela Goren, founder/developer, The Goren Group. “ ‘PowerHouse’ is slated to be a historic restoration of the former coal burning power plant, into an event complex for groups and people who create, innovate and inspire.”

Located between the Glenwood rail station and the Hudson River in Yonkers, the Glenwood Power Plant was once the Yonkers Power Station of the New York Central & Hudson River Railroad. Built in 1907 to hold electrical generators to provide power for the electrification of the railroad, it was abandoned in the 1970s. Glenwood Power Plant was purchased by The Goren Group in 2012.Phase I of the conversion into the “PowerHouse” was completed this year.The $15.7 million project consists of structural stabilization, priority utility work, and access improvements.