FOR IMMEDIATE RELEASE | DECEMBER 19, 2016
Mayor Madden: City of Troy Seeking Qualified Developers for One Monument Square Project
Administration Releases Request for Proposals (RFP) to Redevelop Vacant Site in downtown Troy
Madden: Redevelopment Effort Must Strengthen Downtown, Support Continued Economic Growth of Troy
TROY, NY – The planned redevelopment of the One Monument Square site moved ahead this week with the announcement by Mayor Patrick Madden to seek proposals to transform the site into an economic and community anchor in Troy’s vibrant downtown.
“Strengthening our downtown requires a thoughtful approach to the One Monument Square property to enhance the expanding hub of economic growth in downtown Troy,” said Mayor Patrick Madden. “Using the recommendations of our residents, community stakeholders and business owners, we look to take a comprehensive approach to the redevelopment of the site to attract additional investment into our community and strengthen Troy’s ongoing rebirth.”
Earlier this year, the Madden administration held a town hall meeting with residents, business owners and community representatives to gather feedback on what features could be integrated into the One Monument Square site. In response, the administration integrated several large themes provided during the session into the RFP for redevelopment of the property, including commercial business space, access to the waterfront and planned urban trails, and developing Troy into an active 18-hour city.
Interested parties can request a copy of the One Monument Square RFP by contacting Kathy Kussler at [email protected] Submissions are due by January 20, 2017 at 2:00 p.m.
Additional information on the One Monument Square project can be found online at the City of Troy’s Planning Department homepage: http://www.troyny.gov/cityprojects/monumentsquare
John Salka, Deputy Director of Public Information
[email protected] / (518) 279-7131