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| SERVING THE ON-LINE RPI COMMUNITY SINCE 1994 |
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| Current Issue: |
Volume 130, Number 1 |
July 14, 2009 |
RIB
RIB
Posted 04-14-2004 at 4:51PM
Proctor’s purchased
Last week, RPI announced its purchase of the Proctor’s Theatre building in downtown Troy. According to President Shirley Ann Jackson, the goal for the building, located at 82 Fourth Street, “is to develop a high-end hotel that will provide economic and community benefits to the city of Troy and to the surrounding area.”
The Proctor’s Theatre building was originally built in 1914 and showcased theatre and later movies, closing in 1977. The building was purchased in 2000 by 1888 Hudson Realty LLC and was maintained for later development.
RPI says that the Proctor’s Theatre building purchase is a part of its “Communiversity” program focused on improving Troy. In addition to this purchase, RPI has helped people buy homes as part of Rensselaer’s Homebuyer Incentive Grant program; been moving students, staff, and faculty into buildings located downtown; and is spending $3 million to improve the streets surrounding campus.
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Posted 04-14-2004 at 4:51PM | |
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