A vintage carousel is now halfway to a new home on Buffalo's waterfront.

In Buffalo this morning, Governor Cuomo announced the state was putting up $1.2 million towards a new permanent waterfront structure to house the nearly century old carousel.

A year ago, the Wendt Foundation announced it has purchased a carousel made in the 1920's by the Herschell Spillman Company of North Tonawanda. The NYS Dormitory Authority put up $600,000 to have the carousel refurbished. That work is still going on at a specialty shop in Ohio.

Now, the new money announced today by Cuomo is a "challenge grant". Buffalo Heritage Carousel Incorporated must now raise another $1.2M to collect the state grant.

The combined $2.4M will go towards the planning and construction of the carousel's new permanent home. That will be somewhere on the city's waterfront. The Governor jokingly said he didn't want to influence the final decision on local, but added he thought right next to Clinton's Ditch would be an excellent spot.

The Herschell Museum in North Tonawanda says there are currently 25 Herchell Spillman carousels still operating. When the repairs are finished in Ohio and that carousel is moved to Buffalo, that'll make 26.