FOR IMMEDIATE RELEASE | JANUARY 27, 2017
Mayor Madden: City of Troy Awarded $778K in State Grant Funding for Restoration of American Theater
TROY, NY – Mayor Patrick Madden today announced the City of Troy was awarded $778,205 in revitalization funding to rehabilitate the historic American Theater located on River Street in downtown Troy. The funding, awarded through the Restore New York Communities Initiative, will assist in the rehabilitation of the historic theater and support Troy’s continued growth as a center for recreation, dining and culture in the Capital Region.
“The preservation of cultural assets like the American Theater is critically important to ensure the continued prosperity of the Collar City,” said Mayor Patrick Madden. “The restoration of this landmark space will not only attract new visitors and investment to our city’s thriving downtown it also supports the city’s long-term Riverwalk expansion effort. Thank you to Governor Cuomo and members of the legislature for their investment in strengthening the economic rebirth of legacy cities like Troy.”
Larry Novik, Director of Business Development at Bonacio Construction Inc., said: “We are very excited to be able to begin the work of bringing this historic theater back to life. After years of undesirable usage and vacancy, we are confident that the American Theater will once again become a vibrant hub of activity bringing new faces and activity to our Downtown. We appreciate the assistance provided by both the State and the City to make this project possible.”
John Salka, Deputy Director of Public Information
[email protected] / (518) 279-7131