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Columbia lawsuit claims overcharge on 677 Broadway site

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Columbia Development Companies is at odds with the City of Albany Industrial Development Agency over an alleged breach of contract at 677 Broadway, one of the city’s biggest privately backed downtown developments at the foot of Clinton Avenue. The Albany developer filed a lawsuit Jan. 24, alleging the city’s IDA has overcharged it by nearly $3.2 million over the course of seven years. The suit in state Supreme Court, Albany County, centers around a payment ...

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