City announces plans for $200 million development
RENSSELAER, N.Y. (AP) — A small city on the Hudson River is seeking bids for a $200 million waterfront development.
The Times Union reports that Rensselaer officials are seeking residential and commercial development on part of its river waterfront. City Director of Planning and Development Charles Moore says the city issued requests for proposals Friday, and they have already received inquiries.
The city has set April 12 as a deadline for proposals.
Past attempts to develop the area have failed to progress.
The city made an unsuccessful attempt to secure a state casino license in 2014, and plans by State University of New York Polytechnic Institute to build a clean energy center fizzled.
Information from: Times Union, http://www.timesunion.com