Binghamton Requested Subsidies for Stadium District Project
Officials seek state funding for a new 65-unit affordable housing development near Mirabito Stadium.
Updated on Oct. 1, 2026 in Baseball
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City officials have requested state tax credits and subsidies to support the $31 million Stadium Lofts project. The development aims to provide 65 affordable housing units to residents earning 30 to 80 percent of the area median income.
Why it matters
The proposal serves as Broome County's sole affordable housing tax credit application for the current cycle and represents a key effort to revitalize the Stadium District. The project intends to expand housing access for low-income residents while complementing ongoing infrastructure improvements in the neighborhood.
The proposed development at 180 Henry St. features 65 total units within a $31 million budget. Eligibility is restricted to households earning between 30 and 80 percent of the area median income.
The players
Kathy Hochul
She is the Governor of New York who announced a $6 million reconstruction plan for the local stadium.
Binghamton Rumble Ponies
This is a professional minor league baseball team that has extended its lease at Mirabito Stadium through 2035.
The details
The development will occupy 180 Henry St. and surrounding vacant lots to integrate with city plans for a $12 million street reconstruction. A $5 million federal grant is already committed to the Henry Street project, which is scheduled for completion in 2027.
Timeline
June 2026: Gov. Kathy Hochul announced a $6 million reconstruction plan for Mirabito Stadium.
2027: Planned completion of the Henry Street reconstruction.
2035: The Binghamton Rumble Ponies lease at Mirabito Stadium is scheduled to expire.
Season Trajectory
The housing initiative aligns with broader city efforts to revitalize the area surrounding Mirabito Stadium, creating a dense residential core next to the team's facility. By securing long-term leases and infrastructure funding, the city aims to stabilize the district for the next decade.
The redevelopment of Henry Street may cause traffic disruptions in the area until the projected 2027 completion date. Residents can expect infrastructure upgrades that will modernize the corridor surrounding the stadium.
The takeaway
This project reflects a strategic move to utilize housing tax credits to drive urban renewal in downtown corridors. Interested residents should monitor local planning board meetings for updates on construction timelines and eligibility requirements.
Further reading
For more news regarding local developments near the stadium, visit the Baseball section.
Source note: This article includes information reported by Pipe Dream.
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