In 2004 the Chautauqua Avenue Renewal Project was completed. It included a Main Street Master Plan and major improvements such as underground utilities, new street lights, new curbing and sidewalks, tree plantings, the creation of Lakewood’s iconic clock tower and Recognition Park. The 2.2 million dollar project was funded by local individuals, businesses, and foundations as well as the Town of Busti and the Village of Lakewood.