05/19/2026 | Press release | Distributed by Public on 05/19/2026 12:51
$15 Million Project at Historic Venue in Troy's DRI District Reflects $6.5 Million New York State Investment
First Major Renovation in Over 20 Years Increases Accessibility and Programming for Capital Region
Governor Kathy Hochul today announced the completion of the Troy Savings Bank Music Hall's new Capital Region Music Hub after a $15 million expansion and renovation project, part of the Department of State's Downtown Revitalization Initiative (DRI). The transformational project includes new flexible use space; rehearsal and event space; an education classroom; and updated HVAC, breathing new life into the 150-year-old Troy Savings Bank Music Hall and turning it into a year-round, multipurpose venue. The project was supported by $6.5 million from the New York State Council on the Arts (NYSCA) and Empire State Development (ESD), including $1.5 million through the DRI.
"New York's arts and cultural sector is a critical part of our economic prosperity and global leadership," Governor Hochul said. "Through our investments in capital projects like these, we are promoting cultural and economic growth in communities across New York. And, with the completion of this project, Troy Savings Bank Music Hall will continue to attract audiences, spark growth and strengthen the region for generations to come."
The Capital Region Music Hub is a new multipurpose cultural community space and musical lab on the building's second floor that will serve as a home for music, education, community gatherings, innovative performances and cultural collaborations at the famed Troy Savings Bank building. Comprising an expansion into newly acquired space and renovations to the landmark venue, the project increases accessibility and expands the Music Hall's programming season with acoustically sensitive HVAC upgrades - including floor vents designed to aesthetically blend with the carpeting. The project marks the first significant interior renovation to the property in more than 20 years.
New York State Council on the Arts Executive Director Erika Mallin said, "This project was so much more than expanding and restoring a beautiful historic space. Now, with the Capital Region Music Hub, Troy Savings Bank Music Hall is equipped to serve the region for another 150 years with inspiring performances, greater accessibility, and year-round programming to residents and visitors alike."
Empire State Development President, CEO and Commissioner Hope Knight said, "Projects that support and grow in the creative economy - especially in our urban cores - help to sustain local businesses by engaging residents and visitors alike. The new Capital Region Music Hub, coupled with the Troy Savings Bank Music Hall upgrades, will provide even more entertainment and culture opportunities and spur new investments in the Collar City."