Property Rehabilitation and Development
MOHASCO/ ESQUIRE REHABILITATION:
The Mohasco Factory complex was an integral part of Amsterdam's identity for nearly 60 years as a carpet town. Mohasco was one of many carpet mills here in Amsterdam, once called the, "Rug Capital of the U.S." that helped Amsterdam become what it is today. When these carpet manufacturers all moved south in the years following WWII, Amsterdam, as well as many other Northeast factory towns saw drastic economic declines that lasted decades. Today, an old relic of what it once was, the Mohasco site has come to its end. Amsterdam received a grant of $2.5 million in 2008 to further redevelop the Mohasco site and the adjacent Esquire building as part of the states Restore NY program which is designed encourage economic development and neighborhood growth by providing money to municipalities for the revitalization of commercial and residential properties.