Restore NY Program Supports City of Albany Neighborhood Revitalization and Rehabilitation of Vacant 251 North Pearl Street

March 27, 2018

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Governor Andrew M. Cuomo announced Monday the City of Albany will receive $1.8 million in funding as part of Round 5 of the Restore New York Communities Initiative to be utilized for renovation of the vacant 251 North Pearl Street, into the new and permanent home of the Capital Repertory Theatre. Restore New York supports municipal revitalization efforts by awarding funding for projects that will reinvigorate downtowns and generate new economic opportunity in communities.

An underutilized property, 251 N. Pearl Street was recognized as a barrier to neighborhood revitalization and economic vitality, the City of Albany will utilize Restore NY funding for the Capital Repertory Theatre’s relocation and the building’s rehabilitation. A long-time institution in the City of Albany — theREP will expand and relocate into a new space, yet still remain in the community in which it began. This new location is just up the street from the theREP’s current site and will feature many new amenities that are not available to city residents, theater patrons, and performers at the current facility.