News

County considers $6.6 million in Metroplex borrowing

Funds would pay for several projects in Schenectady, elsewhere

October 4, 2017

 BY STEPHEN WILLIAMS, DAILY GAZETTE

The Schenectady County Legislature is moving toward approval of $6.6 million in additional borrowing by its Metroplex Development Authority.

The borrowing — through bond anticipation notes — would pay for a variety of projects, including conversion of the former Macy’s at the ViaPort Rotterdam mall into office space and construction of the 1.3-mile Alco Heritage Trail, a new section of the Mohawk Hudson bike path.

The borrowing was approved Monday by the Legislature’s Economic Development and Ways and Means committees, clearing the way for a vote by the full Legislature on Tuesday, Oct. 10.

To read the complete article and see photos on The Daily Gazette site, click here.

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