Albany’s downtown renewal board may now be on its way to setting priorities for completing its mission. That’s the vague but hopeful main news from Wednesday’s monthly session of the CARA advisory board.
CARA is being asked to give $10,000 to another downtown Albany building venture, but the push for major projects to complete and then wind up the 17-year-old urban renewal program seems to remain stalled.
Whether anything comes of this is uncertain, but Albany’s downtown urban development board last week heard about an idea for turning a vacant store into shared office space and a couple of meeting rooms.
Now that the downtown streetscape project is winding down, Albany’s urban renewal agency will have to decide what to do next. One potential idea: Put on a push to improve the neighborhood east of Lyon Street by rebuilding the streets and upgrading the houses that need it.
Rumors that Wells Fargo was about to close its downtown Albany branch had been circulating for weeks before the bank confirmed them Monday. The downtown urban renewal board will hold a closed-to-the-public meeting Wednesday to consider real estate transactions, and the idea of buying the building for its parking may well come up.
The Albany Eagles have put their lodge building up for sale for an asking price of $950,000. But the city’s downtown urban renewal advisory board showed no interest when this came up at a meeting last week.
A million-dollar funding request to help preserve three derelict old houses in Albany’s Monteith Historic District has been pulled from Wednesday’s agenda of the Central Albany Revitalization Area’s advisory board.
If the city of Albany wants three century-old houses in the Monteith Historic District rebuilt and preserved, it will have to put up a million dollars in urban-renewal aid. The issue comes up Wednesday when the advisory board of the Central Albany Revitalization Area meets.