Another successful rescue in downtown Schenectady
The recent news that a buyer has apparently been found for the historic Foster Building on State Street is further proof that patience, combined with investment, is paying off in downtown Schenectady.
Once restored and occupied after nearly 20 years of vacancy, the 107-year-old former hotel on the National Register of Historic Places will add a touch of class and history to the streetscape as people walk up the hill from the area around Proctors toward Veterans Park, St. Joseph's church and the county buildings.
Metroplex has invested thousands in repairs and cleanup to keep the place from falling down, wisely preserving the building rather than letting it become a bulldozer's latest victim.
To justify taxpayers' investment, the new owners should be held to strict conditions, including preserving the building's most prominent feature — the intricate white terra cotta facade and whatever elements of the original Hotel Foster that crews were able to preserve inside.
Once occupied and back on the tax rolls, the Foster Building will mark another success in downtown's revitalization efforts.