Capitol Plaza demise ruled due to improper practices
Judge: $4M in real estate debacle
Saturday, April 27, 2013
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Rotterdam’s Capitol Plaza has long since been reduced to rubble — a new restaurant and bank now stand in its place. But the sad saga of the kitschy 1950s-era shopping center lives on in Schenectady County Supreme Court, where a judge recently awarded the former owner a multi-million dollar settlement for a botched real estate deal that ultimately led to its demise. ..