Air Albany Project in Legal Limbo | Albany News

The Air Albany project on Western Avenue is in freefall after the developer defaulted on its massive development agreement, leaving apartments and retail space unfinished for years. The Albany Industrial Development Agency has terminated the tax deal, sent a formal default notice, and is now seeking to recoup funds — with no response from the developer. City officials, including IDA CEO Ashley Mohl, are preparing for legal action, with a potential lawsuit on the table for their August 31 meeting. Residents and officials alike are pushing for resolution — either to finish the project or find a new owner — to prevent the site from becoming a decaying eyesore and dragging down the neighborhood. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/56d188664660fe08