City officials are reported to be "thrilled" at the recent movement of a long-stalled, massive development of national retail stores, condominiums, student housing, offices and a parking garage that would transform the southeast corner of Downtown Troy. The proposal recently went before a meeting of the local Industrial Development Agency and is expected to proceed if a financial assistance package is requested and approved, according to a story in the Albany Times Union.
The report indicates the proposal would include a master plan for the area, which currently consists of mostly vacant lots cleared long ago through urban renewal efforts. The project area includes Congress, Ferry and Eighth Streets, a section described by developers as currently a "raceway" for local traffic.
Read the full Times Union story at:
http://archives.timesunion.com/mweb/wmsql.wm.request?oneimage&imageid=8925964
