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This is the first picture I ever took of this monster. Summer of 2017. Wondering why it was the way it was.
It would be years before I went in it. 6 more before we bought it.
And then this week we sold it back to Albany County.
It will soon be demolished.
Let’s talk about failure.
Our region is absolutely cursed by the fact that not enough people take chances to improve things. I used to speak that opinion, and now I’ve lived that fact. It is our biggest problem and all the people in my network that are slogging out 80 hour weeks know what I am talking about.
At the time I convinced far too many people to come along for this ride, one of my guiding lights was that this building was such a dramatic symbol of blight, of how little we cared about what things looked like. It needed to be fixed. I asked for a year to try and figure it out.
At the time the only other idea was spend $20 million to demolish it. I thought the $20 million would be better spent rehabbing it and keeping it out of the landfill.
6 months in it started to look like the public money needed would be $35 million and I began to doubt the worth of it. A while later the Common Council changed the rules regarding how much income a project could have and that was just about the death knell. Continued high interest rates made the idea laughable.
And people laughed. Like it’s a joke.
And so we plotted a course to pivot and tear it down. Why?
Because the real goal was to fix the problem of this blight overlord. Soon it will be gone.
How do I feel?
Well, I’ll tell you, it’s never fun spending years of your life on something and not succeeding. It’s even less fun when you lose more than a million dollars trying. A silly sum of money that makes me want to pull back.
And yet? I feel some significant pride. We tried. Hard. We went for it when others would not and soon, it’ll be gone.
We need more people trying. We need less people sitting on their money and not participating. And we definitely need less people laughing, mocking, throwing up road blocks, and chucking off pessimistic vibes wherever they go. I’m over that energy.
I’m very grateful for Albany County Executive Dan McCoy, a man of his word, who stood by the weekly updates ready to be the partner the region needed to take this building down.
Oh, and the final demo number is around $13 million, thanks to all the work that was done over the last few years, a very big win any way you look at it.
In Victory, I accept Defeat.