Binghamton Local Development Corporation (BLDC) 2026.08.27

The City of Binghamton's Local Development Corporation meeting on August 27, 2026, focused heavily on ongoing and upcoming procurement and development projects. Key procurement discussions included advancing major construction packages for a renovation project at 11-113 Court Street, with bids out for mechanical and electrical work and considerations for budget adjustments such as increasing the builder's risk insurance policy from $8,000 to $15,000 due to updated building material classifications. The meeting also covered the upcoming public bid for demolition at the Binghamton Plaza site, emphasizing the need for experienced contractors and anticipating minimal change orders due to thorough pre-demolition surveys. Additionally, the mayor highlighted significant economic development projects including a $20 million affordable housing project with tax credit applications, a $12 million street reconstruction project, and ongoing downtown revitalization efforts involving public and private investments totaling approximately $40 million. The meeting also addressed strategies to engage local MWBEs in sourcing for these projects and discussed community development block grant funding to support local businesses. No formal votes beyond the insurance policy increase were noted, but multiple action items related to procurement and project advancement were discussed.