"Realize Troy" (NY) Comprehensive Planning Process

City of Troy, New York

BAE served as the economic development consultant to support a comprehensive planning process for the City of Troy, NY. The process, called Realize Troy, will lead to Troy’s first new comprehensive plan in over 50 years.

A city of about 50,000 residents that extends along seven miles of the Hudson River waterfront in New York’s Capital Region, Troy has a rich industrial legacy that has endowed it with unique architectural resources and physical features.

Like many older industrial cities, Troy’s population has declined significantly with shifts in manufacturing and suburban growth. However, because of its many assets, including the exceptional urban form of its downtown, the presence of strong educational institutions, a growing technology sector, and the resourcefulness of its citizens, Troy’s planning process can build on a recent resurgence of interest among people and businesses wishing to locate and invest in the city.

Contributing market, economics and development expertise to the consulting team, BAE addressed key questions of economic development, housing, and neighborhood revitalization. BAE’s work includes preparation of a Downtown Economic Development Strategy and a Local Waterfront Revitalization Plan coordinated with the comprehensive plan.

BAE’s analysis of economic drivers, development feasibility and best practices is shaping the dialogue on the future of Troy’s extensive but underperforming waterfront, the catalytic public investments to be made in its downtown and neighborhoods, and the ways that renewed growth can equitably benefit all of Troy’s residents.

Click here to view the Realize Troy comprehensive plan.