In July, 2016 it was announced that $272,900 in state grant funding was secured for demolition of the City’s former Collier St. parking garage, advancing the project for demolition. With funding secured, demolition began July 25. The $484,000 project contract included asbestos abatement, demolition of the garage and removal of materials. The $272,900 grant, administered through the State and Municipal Facilities Program (SAM) of the Dormitory Authority State of New York (DASNY) and secured by Sen. Akshar, covered the majority of the demolition costs. The City funded the remaining $211,100 for demolition. On Nov. 9, 2015, the Collier St. garage was permanently closed due to structural concerns discovered during restoration work. Millions of dollars were needed to keep the garage open until 2018, according to the City’s engineering consultant for the project. The City, in consultation with that engineering consultant, decided the most responsible course of action was to permanently close and demolish the Collier St. garage. The 0.8-acre site offers strategic long-term economic development opportunities in the heart of Downtown Binghamton.