Proctor’s lives — for now
April 29, 2010 at 7:17 am by Chris Churchill
From this morning’s newspaper:
The developer intending to remake the east side of Fourth Street in downtown Troy has backed away from its plan to raze the historic but long neglected Proctor’s Theater.
Troy City Council President Clement Campana and other city officials on Wednesday said Columbia Development, an Albany company, has quietly taken demolition of the theater off the table. Erica Veil, president of a grass-roots group formed to save the structure, says Columbia has also notified her of its revised plans.
Nobody is saying, however, that Proctor’s has secured a future as a restored theater. Campana and Veil both said Columbia plans only to secure and stabilize the deteriorating and badly damaged auditorium.
When and how the theater would be restored is unclear, they said.
It was over a year ago when Columbia Development announced a $15 million plan to remake office space attached and adjacent to the theater while gutting the theater interior for new office space. That plan had the backing of both the city of Troy and Rensselaer Polytechnic Institute, which bought Proctors in 2004 with plans for a hotel and conference center.