Troy council backs development agency handling 1 Monument Square talks


Troy council backs development agency handling 1 Monument Square talks

TROY – The City Council voted 6-1 Thursday night to have the Troy Local Development Corp. handle the negotiations with a New Jersey firm to make the fifth attempt to develop the 1 Monument Square site that’s been vacant since 2011.

The vote came after the council voted unanimously to amend the ordinance to require any money resulting from the sale of the 1.1-acre property to Hoboken Brownstone Company go to the city’s general fund.

Source: Times Unition
Troy council backs development agency handling 1 Monument Square talks

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