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Troy LDC 30-year lease for new City Hall

City of Troy logoCity of Troy
Disclosed value
$675,000 annual base rent
From agenda
Document date
Nov 6, 2025
Term
December 2025 – December 2056

The 30-second brief

What it covers

Troy Local Development Corporation and City of Troy entered a 30-year lease agreement for the former Proctors Theater facility as new City Hall with an annual base rent of $675,000 starting January 1, 2027.

Who holds it

Troy Local Development holds this lease agreement contract with City of Troy.

What happens next

Term as filed: December 2025 – December 2056.

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Contract details

Contract type
Lease Agreement
Amount
$675,000 annual base rent
Document date
November 6, 2025
Term
December 2025 – December 2056
Vendor
Troy Local Development
Agency
City of Troy
Source document
troy_city_council_regular_meeting_agenda_november.pdf (Agenda)

Troy Local Development's other public contracts

City of Troy, New YorkTroy LDC to finance and lease the city hall · Oct 2, 2025UndisclosedCity of Troy, New YorkProctors Theater Set for City Hall Redevelopment · Oct 2, 2025UndisclosedCity of Troy, New Yorktroy-agenda-2024-09-05-pdf_b47.pdf · Sep 5, 2024UndisclosedCity of Troy, New Yorktroy-agenda-2024-03-27-pdf_3b5.pdf · Mar 27, 2024$215KAll Troy Local Development contractsVendor profile

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Questions about this contract

Who was awarded the lease agreement contract by City of Troy?

Troy Local Development was awarded this lease agreement contract by City of Troy, as recorded on November 6, 2025. The contract value is $675,000 annual base rent.

How much is the Troy Local Development contract with City of Troy worth?

The Troy Local Development contract with City of Troy is valued at $675,000 annual base rent, covering lease agreement work.

What type of contract is this?

This is a Lease Agreement contract, documented as a agenda record.

Where was this contract approved?

This contract appears in troy_city_council_regular_meeting_agenda_november.pdf (Agenda), dated November 6, 2025 from City of Troy. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Troy Local Development hold?

Troy Local Development may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Troy currently buying?

Explore City of Troy's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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