Patten gives up “greenspace”
Queensbury Developer Chris Patten will not build on the “greenspace” at the corner of Glen and Bay streets, the Post-Star is reporting this morning. After a year-long fight to build, he is moving his sights to a three-story, 20-unit apartment near Union Street and Goodwin Avenue, a location, the story says, the city likes for development. The city can now pursue buying the open space just across Bay Street from City Park.
Ballet arrives in Saratoga
The New York City Ballet arrived the Saratoga Performing Arts Center on Monday for its 2021 summer residency, with just 30 performers and crew instead of the normal 200, the Saratogian is reporting. Performances begin Wednesday. The ballet has been performing at SPAC each summer since it opened in 1966, with the exception of 2020 because of the pandemic, the story says.
Adk Trust settles with state
Adirondack Trust Co. and Chemung Canal Trust Co. paid $275,000 and $350,000 respectively in penalties to New York State for unintentionally violating the state’s fair lending law. Their indirect automobile lending programs were the subject of the troubles, The Albany Business Journal says. People of color paid higher interest rates for car loans compared to white people with similar credit scores, the state’s Department of Financial Services contended. Auto dealers “marked up” loans to nonwhite people and the banks failed to monitor this completely, the story says.
Matchless Stove and Chimney buys building
Matchless Stove and Chimney of Clifton Park is moving to Halfmoon, the ABJ is reporting. The family-owned business paid $1.55 million for a 16,000-square-foot building on two acres at 1581 Route 9 near the Hewitt's Garden Center. The company had been renting in its old location. They will use about half of the building and lease the remainder, the story says.
Gazette buys Leader-Herald
Also in the ABJ: the Daily Gazette bought The Leader-Herald, a 135-year-old paper in Gloversville. It covers Fulton, Hamilton and Montgomery counties. The family-owned Gazette bought the paper, its subscriber and advertiser lists and its website, the story says. Ogden Newspapers Inc., will retain ownership of production equipment and the Leader-Herald’s commercial printing accounts, the story says. Terms of the deal were not disclosed.