- Associated Press - Wednesday, July 13, 2016

ALBANY, N.Y. (AP) - Major changes have been announced for the historic Palace Theatre that include adding a new, smaller theater to the downtown Albany music and entertainment venue.

Leaders of the Palace Performing Arts Center, the nonprofit entity that operates the city-owned Palace, on Tuesday announced a $65 million project that would also include expanding the original theater’s lobby and stage and adding a state-of-the-art video post-production facility.

The plan calls for the organization to take over ownership of the building it previously had leased from the city.

The project will include building a new 600-seat theater adjacent to the 2,800-seat original theater, which opened in 1931.

Officials say the Palace project will help boost Albany’s downtown district, home to the Times Union Center and a convention center scheduled to open next year.

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