Central Warehouse demolition expected to cost over $12M
The price tag for demolition of the Central Warehouse building in the city of Albany is expected to cost between $12.5 million and $13 million, according to Albany County.
ALBANY, N.Y. (NEWS10) -- The price tag for demolition of the Central Warehouse building in the city of Albany is expected to cost between $12.5 million and $13 million, according to Albany County. The county is finalizing a request for state money for the demolition through the RestoreNY grant program.
The maximum RestoreNY grant is $10 million, so the county is still looking for additional grant and funding opportunities to cover the rest. The county said pursuing this option for demolition would revert control of the property to the county, which could then treat it as a blank slate.
The timeline remains unknown. The initial letter of intent seeking the grant was due at the end of March. The final requests for the grant are due May 22.