Albany Development Project Announced
Albany Mayor Kathy Sheehan and Albany Medical Center President and CEO James Barba have announced a new development project in the city.
New plans for the old LexisNexis site in North Albany: Albany Med plans to move 300 financial services and warehouse employees to the Broadway building.
Mayor Kathy Sheehan: "They're bring 300 jobs downtown to a great area of the city that is seeing a lot of growth. They've decided to purchase property and voluntarily keep it on the tax rolls."
According to the Albany Business Review, The building was listed for sale in 2013 after LexisNexis notified the state Labor Department that it was preparing to close its Albany office and eliminate 220 jobs. The list price was $3.25 million for the building and nearly 10 acres of land zoned for industrial use.