Glens Falls leaders got to show off what $10 million in state money has done for the city.

Mayor Bill Collins led state Comptroller Tom DiNapoli on a tour of downtown, including the renovations on State Street.

It has been nearly nine years since the city was awarded a Downtown Revitalization Initiative grant.

About $5 million of that funding went to the new Market Center, which the city is about to open on South Street and was once home to a rundown bar. 

Construction is going on next door on a demonstration kitchen, restaurant, bars and roughly 100 apartments on the upper floors.

DiNapoli said it is a good use of state funding.

“It clearly is well spent. Government can’t do it all. Business can’t do it all. But government and business working together, that’s how you have a formula for success,” he said.

The state funding has spurred over $30 million in private investment, Collins said.

“Well, I think the future of Glens Falls is bright, and I want them to come and visit Glens Falls and experience it for the first time,” he said.

A ribbon-cutting ceremony will take place on Friday, May 16 from 3 p.m. to 5 p.m. for the new Market Center. It will feature food and live music.

The Glens Falls Farmers Market will begin operating there on Saturday, June 7.