The City of Troy, New York, "Where Henry Hudson Turned Around."

Wednesday, August 13, 2008


The Mayor of Troy has called a special meeting for August 20th to discuss leasing the Verizon building as a temporary home for City Hall while something happens on the waterfront. What that something is, no one knows...yet.

We have no problem leasing the 30,000 square foot Verizon Building as a temporary home for City Hall provided:

1) The lease is contingent on Troy actually getting the money from the State. We think that is suspect in light of what is going on in Albany at this time. Albany just lost a ton in aid which may prompt lay-offs;

2) Judge must disclose Judge Development's operating agreement and we need to know who the real parties in interest are in the group that sold the building to Judge. The Verizon Building has been the center of this issue. It was sold to Judge at a time when it looked like City Hall would be moving there. The City needs to know who benefited financially when the building was sold to Judge with the expectation that the City would then rent the building;

3) Judge must renovate the building for the new tenants, at Judge's expense. If we're forking-over more than 25k a month, the building should be in move-in condition;

4) Relocating should be put out to bid. If there are no other viable options, no problem. But again, Harry seems obssessed with handing money over to Judge Development, without inviting others to the table;

5) Lower the rent. 25k per month is too high. Please. It's not like people are tripping over themselves to rent the Verizon Building.

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