Rensselaer County Chamber of Commerce will become the first tenant of the revitalized Proctor's Theater in Troy. Chamber President Linda Hillman says the partnership is a good fit all around because they are freeing up some river-front property at 255 River Street for new business while placing themselves in a prime location.
Hillman tells News Radio 810 and 103.1 WGY that the Chamber will occupy about a quarter of the available office space. The historic terra cotta façade is being restored and a new marquee similar to the original one will be installed.
Proctor's opened in Troy in 1914 and at the time was the largest theater in New York State. But it has been vacant for 35 years now.
Lieutenant Governor Duffy, who was on hand to for today's announcement says:
"The $3.3 million Restore NY grant invested in projects here in Troy will help to reimagine these historic spaces, and I thank the City of Troy, RPI, Columbia Development Companies, and the Rensselaer County Regional Chamber for their hard work in setting the stage for continued success in the Capital Region."
Joseph R. Nicolla, president of Columbia Development Companies calls this a "once-in-a-lifetime project, and believed unimaginable for decades."
When asked about the taxpayer investment Hillman was quick to point out that this gets the property back on the tax rolls in a very meaningful way.
She says the Chamber's conference room is frequently used by members and the remaining office space is likely to go fast. Already, she says, the announcement has her email flooded with people saying they may like to move in as well.
The Chamber will occupy a portion of the historic building's first floor and its entire second floor, with plans to move in by September 1, 2014.