Albany’s Palace Theatre to Undergo Renovations
The Palace located with its beautiful bright lights in downtown Albany will soon be undergoing a massive transformation.
According to local sources, the historic Palace Theatre will be receiving a 65-million dollar transformation that will leave the theater with 600 new seats, a new lobby area, and a face-lift for the stage!
Plans were introduced earlier today via news conference at the theater. In attendance were city and county officials who were excited about the new plans and hope it attracts visitors to the downtown area. Also getting some TLC in the area is the Albany Capital Center Convention Facility which will cost $78 million dollars and is scheduled to open next year!
According to estimates supplied by the Palace, the project is expected to have a $125 million economic impact on the community and produce an estimated 225 full-time jobs during a three-year construction period. The downtown Albany area would see the Palace's annual economic impact more than double to $10 million, after the project's completion. Estimates are for annual attendance of more than 500,000, up from current audiences totaling 175,000 per year. This is exciting, are you ready to welcome new economic growth to the 518?
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