Mayor Mantello Announces Passage of Land Development Agreement for Future Home of City Hall

(TROY, NY) - Mayor Carmella R. Mantello today announced the passage of the Land Development Agreement (LDA) for the future permanent home of Troy's City Hall at Proctors Theatre, marking another major step forward in the Mantello Administration's objective to relocate City Hall to a permanent, cost-saving location.

On Thursday, October 2nd, the Troy City Council voted in favor of approving the LDA, paving the way for the long-awaited return of a permanent City Hall in the heart of downtown Troy.

Currently, Troy taxpayers are paying $760,000 annually in rent for City Hall's temporary space at 433 River Street. Under the existing lease, a 3% annual escalator increases that cost each year, further burdening hardworking taxpayers. By utilizing the Troy Local Development Corporation (TLDC) as part of the relocation plan, the city anticipates saving approximately $100,000 annually beginning on day one of operations at the new City Hall within Proctors Theatre.

"This has been a top priority of mine for nearly a decade," said Mayor Carmella Mantello. "Troy deserves a permanent home for its city government - one that delivers real relief for our taxpayers, improves accessibility for seniors and those with disabilities, and enhances services for all residents. This project not only strengthens our fiscal foundation but also continues the revitalization of our downtown and historic assets."

The Mantello Administration's plan to relocate City Hall into the Proctors Theatre complex reflects a commitment to fiscal responsibility, historic preservation, and enhanced public access. The LDA approval allows the City to move forward with design, financing, and construction planning in partnership with the Troy Local Development Corporation and Proctors Collaborative.

"After years of uncertainty and temporary solutions, this agreement puts Troy on the path to a permanent, sustainable City Hall that our residents can be proud of," Mantello added.

The City Council is expected to vote on the final lease agreement in November, marking the third and final action taken by the Council to advance the relocation of City Hall to Proctors Theatre.

More information about the move to Proctors Theatre can be found at troyny.gov/proctorstheatre.

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