Summary
Proctors and American Theatre Troy LLC are moving forward with a $7.4 million overhaul of the former movie theater on River Street into a modern performing arts space. The IDA approved an initial resolution and set a public hearing for next month to consider tax exemptions and financial assistance.
At a glance
- Total mentions
- 6
- Last 30 days
- 1
Discussed at 2 meetings in the last 60 days; most recently Oct 16, 2026.
Impact analysis
Involves approximately $7.4 million in private investment and tax exemptions including a PILOT agreement.
Downtown residents, local businesses, and arts patrons in Troy.
None identified.
Mentions & discussions (7)
Troy Industrial Development Authority (Regular) - Oct 16, 2026
The Troy IDA is considering a $7.1 million project to restore the former movie theater at 285-289 River Street into a performing arts space run by Proctors, backed by tax exemptions and a PILOT agreement.
Troy Industrial Development Authority (Regular) - Sep 18, 2026
Proctors and American Theatre Troy LLC are moving forward with a $7.4 million overhaul of the former movie theater on River Street into a modern performing arts space. The IDA approved an initial resolution and set a public hearing for next month to consider tax exemptions and financial assistance.
Construction Begins on $7.1M American Theatre Renovation in Troy
Construction Begins on $7.1M American Theatre Renovation in Troy Construction Owners
‘A destination’: Construction underway at American Theatre in downtown Troy
‘A destination’: Construction underway at American Theatre in downtown Troy Troy Record
The American Theater In Troy Sat Vacant For Decades. A $7.1 Million Renovation Is Changing That
The American Theater In Troy Sat Vacant For Decades. A $7.1 Million Renovation Is Changing That 107.7 WGNA
Empire State Development Announces Construction Underway on American Theatre in Troy
Empire State Development Announces Construction Underway on American Theatre in Troy Empire State Development (.gov)
La Capital Tacos seeks to raze Troy Pork Store, build new Mexican restaurant
La Capital Tacos seeks to raze Troy Pork Store, build new Mexican restaurant Times Union
Related development
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
The weekly brief for Troy
What the council decided, in plain English — one email a week.
Free. Unsubscribe with one click any time. We never sell your email.