continued Colonie Planning Department Director Joe LaCivita said he doesn’t believe the developers will have difficulty finding new tenants, but some potential tenants might be skeptical due to past ownership of the mall. However, bringing in private investors for the mall, he said, could greatly benefit the area by creating new jobs and raising property values.
“It’s a worthwhile opportunity for us,” LaCivita said. “We’re excited. When you see a mall that’s been in a downward decline, and it’s pretty much a focal point … for being the gateway into the Latham area … you want to do anything you possibly can to make sure that gets redeveloped.”