City of Albany Tentatively Agrees to Accept Building in Lieu of Fee
Press release from the issuing company
Wednesday, January 19th, 2011
The Albany City Commission tentatively voted Tuesday to move forward with a proposal to allow Mediacom to give its former downtown location to the city in exchange for forgiveness of their franchise fees.
Mediacom currently owes the city $139,000 in unpaid franchise fees and penalties. It is proposing offloading its former headquarters at 509 Flint Avenue to the city if it will agree to forgive what they owe.
After much debate, the commission voted 4-2 to move forward in hopes of using the building for a planned future health clinic for city employees or for the city's gang unit, animal control or Americorps program.
