Advertisement

Sale of Palace Theatre completed

January 03, 2018 05:18 AM

ALBANY -- The city of Albany no longer owns the Palace Theatre.

The sale and transfer to the nonprofit organization that operates the theater was completed on Friday. It will pay the city $750,000 over 30 years.

Advertisement – Content Continues Below

The organization says it will start the first phase of a $30 million campaign to fund major improvements to The Palace.

The board of directors also reached an agreement to extend the partnership with the Albany Symphony Orchestra for another 15 years.

Credits

WNYT Staff

Copyright 2018 - WNYT-TV, LLC A Hubbard Broadcasting Company

Advertisement
Relay Media Amp
Advertisement
Advertisement
Trio rescued after SUV slides off hillside

Dems align on plan to fund gov't, end shutdown

James Taylor to Albany fans: 'I hate to cancel'

Corruption trial of ex-Gov. Andrew Cuomo aide to begin

Cop involved in Menands crash

Advertisement