McCoy says county won’t pay back Saint Rose bonds by self-imposed deadline

Albany County Executive Dan McCoy previously said the $35 million in bonds used to purchase the former Saint Rose campus would be paid off in February. That date has changed.

Albany County is backing the $40 million in bonds the Pine Hills Land Authority used to purchase the 71 buildings on the former Saint Rose campus in March.

The $35 million in bonds was used to purchase the property, and an additional $5 million was taken out to maintain the property…

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