A study by the Long Island Regional Planning Council touted Patchogue’s revitalization and found it accounted for $693.3 million in economic growth.
The report, released Thursday at an event at the Patchogue Theatre for the Performing Arts, said that from 2000 to 2017, the village’s transit-oriented developments and other smart-growth projects have helped boost downtown businesses and created a vibrant destination.
Patchogue’s downtown had dozens of vacant stores at the beginning of the millennium. But $246 million in private investment, including new developments like Tritec Real Estate’s New Village, Copper Beech, Riverwalk and others, added feet on the street and helped create thousands of jobs, according to the report done by outside consultant 4ward Planning.
Patchogue has become a model for other downtowns seeking turnarounds, and Mayor Paul Pontieri and his colleagues in the village’s progressive leadership, have been largely credited for spearheading the comeback.
And according to the report, Patchogue’s rebound is likely to continue, with an estimated $239 million in economic growth and more than 2,500 new jobs expected through 2029 as a result of more development projects in the pipeline.
By: David Winzelberg December 6, 2018