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For now, city’s stuck with an empty bank
The Albany Revitalization Agency, also known as the city council, met Monday to hear about the collapse of the plan to have Gerding Builders redevelop the former downtown branch of the Wells Fargo Bank. Council members thanked Gerding for its efforts but offered no ideas on what to do next.
Tags: Albany urban renewal, CARA, construction costs, downtown Albany, First and Broadalbin, Gerding Builders, inflation, retail refinement plan, Wells Fargo branch