Archive for October 17th, 2009

Albany Tech has offered $50K to secure a new option agreement for the Chalmers luxury apartment project, and should the project not come to fruition, they will pay any additional cost beyond what the City has secured in grants for demolition.

It’s an estimated $24-40M construction project with the potential to produce over a million dollars a year in taxes and fees. Sitting at the southern terminus of the $16M pedestrian bridge, a showpiece of this caliber could revitalize our waterfront and downtown areas.

Decisions, decisions.


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