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Troy Teasures: The Poestenkill
Troy Record, October 26, 2003

 


By Tim O'Brien, Staff writer

On the shores of the Hudson River, replicas of famous ships will sit in a new harbor beside a hotel, conference center and aquariums filled with fish native to the Capital Region.
This is the vision of developers behind a $470 million project estimated to create 650 jobs, attract 1.3 million visitors a year and generate a $48 million economic impact.

Senate Majority Leader Joseph L. Bruno announced Thursday he is providing $500,000 to develop a master plan for the project. The developers behind the proposal helped revitalize the Inner Harbor of Baltimore, Faneuil Hall in Boston and a riverfront project now under construction in Hartford, Conn.

"About 5 years from now, we will be gathered, celebrating one of the greatest buildings in the Northeast," Bruno said.

Bruno said the elaborate plan is realistic, because the developers involved "have done it before."

John Hannigan, one of the principals in the Hudson River Group LLC, had worked with the Rouse Foundation and Enterprise Development Co., which developed Faneuil Hall in Boston and the Inner Harbor in Baltimore. Both are major waterfront development projects that are credited with revitalizing those cities.

Other principals are Josiah J. "Cy" Kirby and Pieter S. VanDerzee.

"They did their homework," Bruno said. "It's going to happen, and it's going to happen over the next several years."

The centerpiece would be a $150 million Hudson River Heritage Center and four historic vessels, including full-size replicas of the Fortune, a 17th-century ship used in Hudson River trade; the Experiment, an 18th-century sloop that was the first ship to sail from Albany to China, in 1785; and the Monitor, a 19th-century Civil War battleship whose iron sides were made in Troy. The USS Albany, a nuclear submarine soon to be decommissioned, will be part of the center.

A marina would be built and lined with shops, and an outdoor performance center would also be constructed. The $470 million figure is the projected cost for the entire project, including stores.

It also would be located next to the satellite office of the Rivers and Estuaries Center, a state project in association with Rensselaer Polytechnic Institute to study and monitor the upper Hudson.

The new development will include private and public funding, including a $50 million commitment from the U.S. Navy for the Commodore John Barry Academy, where students and Navy recruits would be trained to operate the ships on display.

"It will be live, it will be interactive. We think this will make the Heritage Center the most compelling attraction of its kind in the country," Hannigan said.

The development would be on 35 acres alongside the river where Russell Sage College now has tennis courts and an athletic field. The city also aims to move Callanan Industries, an asphalt plant that adjoins the site, south to make room for the project.

Mayor Mark Pattison said the development is the payoff from years of work to make the Hudson River more accessible. The city's yearlong South Troy Working Waterfront study, completed in 2000, came up with the proposal to rezone the riverfront and move the heaviest industry south.

"It has the possibility of transforming Troy, and not only Troy," he said. "It's a big vision but we worked hard on it."

The city secured $6 million for an industrial road to take truck traffic off South Troy streets and another $2 million for a hiking trail through the area.

"This is why we are working on moving Callanan," Pattison said. "It is a result of the South Troy Working Waterfront Plan."

But Pattison said the council, which has not acted on the plan, needs to move swiftly to change the zoning from industrial to planned development.

"If someone else comes up with an incompatible use, we can't stop them," he said.

Council President Harry Tutunjian said he expected the rezoning would happen soon.

"We're eager to take the necessary steps to make this a reality," he said. "This is a very exciting project, and it can help our economy and our tax base a great deal and make Troy a tourist destination."

Albany Mayor Jerry Jennings said he saw the proposal as a complement, not competition, to what his city has been attempting to do with its waterfront. He said he was not worried that visitors would be drawn away from seeing the USS Slater docked in Albany.

"It will benefit all of us," he said. "This will encourage more boat traffic and more tourism."

When he first saw Troy, with its seven miles of interrupted riverfront, Hannigan said he instantly realized its potential.

"When I see something like this as a developer, I say, 'This looks like something I'd build,' " he said. "I think we have something special here."

Hannigan said he expected the master plan to take six to eight months to complete. He hopes construction will begin in 2005.

"There clearly is a need to revitalize Troy," he said. "It is a place where a transformational project is ready to happen."

Daniel B. Walsh, president of the Business Council of New York State, noted the project would be located in an Empire Zone, which provides property-tax and utility-cost savings to developers.

"It's an extraordinary achievement. It's got all kinds of potential," he said. "The more of that kind of activity, the more attractive the banks of the Hudson get."

The project is modeled on Adriaen's Landing, a 30-acre project now under development in Hartford, Conn. Construction began there in 2000 for a hotel, retail and residential development on the Connecticut River. more information, go to http://www.harbor-at-troy.com

 

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