Albany’s Palace Theatre recently spent $600,000 to buy properties that reside on North Pearl Street and along Wilson Street near the downtown venue, as reported in Biz Journals.
According to a statement, “The Palace Theatre” acquired property behind the building up to Wilson Street in anticipation of future projects. Palace management felt the timing was right to buy as there is development beginning to happen around the theatre. No specific plans for the lots has been announced at this time.
Will we see an expansion, outdoor events, or more parking downtown? There are many options for the Palace with this purchase. Stay tuned…
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