ALBANY, N.Y. (NEWS10) — The Albany County Pine Hills Land Authority (ACPHLA) board voted unanimously on Thursday to approve the acquisition of five buildings on the former College of Saint Rose campus. Albany County will now have sole ownership of the properties after previously operating under a temporary use agreement.
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The ACPHLA’s board stated that the redevelopment plan aims to feature economic growth opportunities on the campus as well as housing and green space facilities. The $6 million sale includes the following properties:
- 420 Western Avenue, Saint Rose’s former Event and Athletics Center
- 394 Western Avenue, formerly the Neil Hellman Library
- 996 Madison Avenue, formerly the Hearst Communications Center
- 994 Madison Avenue, formerly the Huether School of Business
- 1000 Madison Avenue, formerly the college’s Administrative Center
“This action marks another important step toward transforming the site into a vibrant andfunctional asset for our community. Securing these parcels lays the groundwork for a thoughtful, phased redevelopment process, one that will honor the campus’s legacy while opening the door to new opportunities for housing, innovation and public use,” Albany County Executive Daniel McCoy stated. “I want to thank the members of the Land Authority for their careful review and partnership as we begin this long-term effort. There is much work ahead, but today’s decision brings us closer to delivering a renewed campus that supports our residents, strengthens our local economy, and reflects our shared vision for the future.”
“Finalizing the sale to Albany County delivers on two main goals of our board: to find dynamicuses for these buildings that maintain life and activity in the Pine Hills neighborhood, and toquickly retire the county’s debt load for financing the purchase of the campus,” ACPHLA Board of Directors chairman Dominic Mazza said. “I am pleased that county ownership also fulfills a key recommendation in the CPL report. The presence of not only county employees, but also members of the public taking classes and visiting businesses, will maintain the security of this campus and the long-term economic and social wellbeing in the heart of the City of Albany.”
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Thursday’s approved sale follows the campus planning report submitted to the ACPHLA in November by redevelopment consultant CPL. The Reimagine Saint Rose initiative, guided by the ACPHLA, looks to ensure that the former college’s space is utilized in ways that positively impacts the surrounding community as the storied neighborhood continues to transition into its new era.
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