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Article: ALBANY DEVELOPERS WEIGH PARKING AUTHORITY ROLE.(Local)
- Article from:
- Albany Times Union (Albany, NY)
- Article date:
- September 2, 1988
CopyrightCOPYRIGHT 1988 Albany Times Union. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jay Jochnowitz Staff writer
The Albany Parking Authority may build a share of a $100 million development downtown, giving it air rights where two office buildings are proposed and eminent domain over land owned by Capital City Rescue Mission.
An official with the mission, which serves homeless people downtown, said that action would mean the mission not only would have to sell its land, but could lose its hoped-for profit.
While the authority has taken no action on the idea, Albany Economic Development Director Charles Newland raised the idea Thursday, noting that it could mean income for the authority and help for the project's ...