With money in hand, the LDC board will hire a director and staff to attract business.
Levitch believes Ticonderoga can support new housing programs, industry, shopping centers and multiple-use buildings housing recreation, arts, commercial and residential activities.
"Ti can, once again, we firmly believe, see a year-round infusion of new ideas, people and capital through a role it has yet to play as a tourist destination spot of significance, as well as becoming a nicer, middle class place to live and to work with rising rather than declining incomes and real estate values," Levitch said. Malaney said the LDC will work along with existing agencies and programs, such as the Ticonderoga Area Chamber of Commerce, PRIDE and the Ticonderoga Montcalm Street Partnership.
"This is an opportunity to bring all our economic development efforts under one umbrella with professional leadership," Malaney said. "There's no risk to the town. It's certainly worth a try."