“I am pleased to announce that Governor Hochul has allocated $19 million in the 2026-2027 budget for the redevelopment of One Monument Square.
This site holds an important place in Troy’s history, and this funding will allow us to take a significant step forward in restoring it as a vibrant part of our downtown. The $19 million investment reflects a shared commitment to revitalizing our city, creating new opportunities, and enhancing the quality of life for Troy’s residents.
We have much work to do, but after years of challenges and multiple proposals, I’m proud that we are finally poised to make real progress on this important project. I want to express my gratitude to Governor Hochul and Assemblyman John McDonald for their support in helping to bring a new vision for One Monument Square closer to reality.”
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Press Contact:
Alex Horton
Communications Director; City of Troy
Email: Alex.Horton@troyny.gov
Phone: 518-903-5245
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