New York State Canal Corporation
The New York State Canal Corporation is a subsidiary of the New York State Thruway Authority. It is responsible for the oversight, administration and maintenance of the New York State Canal System, which consists of the Erie Canal, Cayuga–Seneca Canal, Oswego Canal and Champlain Canal. It is also involved with the development and maintenance of the New York State Canalway Trail and with the general development and promotion of the Erie Canal Corridor as both a tourist attraction and a working waterway.
In 2004, it was discovered that officials of the Canal Corporation had attempted to sell private development rights to large stretches of the Old Erie Canal to a single developer for a mere $30,000, far less than the land was worth on the open market. After an investigation by the Syracuse Post-Standard newspaper and much public criticism, governor George Pataki later quietly canceled the deal.
In May 2006, Governor Pataki proposed recreating the Canal Corporation by 2010 as an independent agency no longer under the oversight of the Thruway Authority. This did not come to pass.
The current director of the New York State Canal Corporation is Brian Stratton, who was appointed to the position by Governor Andrew Cuomo in the Spring of 2011.
In 2012, the Canal Corp. employed 529 people, consisting of 458 full-time employees and 78 seasonal workers. Its spending accounted for about 10 percent of the Thruway Authority's total $1.1 billion in annual spending. In 2012, the Canal Corp.’s operating budget was $55.7 million and its capital budget was $51.4 million.  An August 2012 report by state Comptroller Thomas DiNapoli said the canal system "contributed to the deterioration of the Authority's financial condition over the past decade", even as canal traffic had dropped nearly one-third since the period immediately before the Thruway Authority assumed control.