Governor Cuomo Announces Completion of $14 Million Renovation Project for New Capital Repertory Theatre in Downtown Albany

March 24, 2021

Project Supported by Empire State Development, New York State Homes and Community Renewal and New York State Office of Parks, Recreation and Historic Preservation

Theatre Photos Available Here

Governor Andrew M. Cuomo today announced that the renovation of the former National Biscuit Company bakery into the new home of Capital Repertory Theatre, the Capital Region's only professional producing theatre, has been completed. Located at 251 North Pearl Street in Downtown Albany across from the Ida Yarborough housing complex, the 28,000 square foot facility includes a 300-seat stage and auditorium; a 100-seat "black box" theater; wardrobe and props construction and storage facilities; and an extensive dressing room and actor preparation space. 

"New York's vibrant arts and entertainment venues have been among the pandemic's hardest-hit businesses, and their expected reopening under strict state guidance is a welcome part of the state's recovery from COVID-19," Governor Cuomo said. "The completion of the new Capital Repertory Theatre project complements our strategic investments in housing and economic development in the heart of Downtown Albany, and will welcome actors, artists and patrons for generations to come." 

This project undertook a historic restoration and adaptive reuse of the vacant original bakery, which in recent decades was used largely as a storage facility. Refinished original hardwood floors and extensive exposure of brick walls and original wooden timber beams define the interior space. Capital Repertory Theatre, an affiliate of the Proctors Collaborative, was located for more than 25 years at the ground level of the parking garage located two blocks south that is currently being redeveloped by Redburn Development.  

The $14 million project was supported by thousands of individual donors and subscribers through a capital campaign. Empire State Development has agreed to provide $1.8 million through Round 5 of the Restore New York Communities Initiative, and $950,000 through the Round V of the Regional Council initiative, as recommended by the Capital Region's Regional Economic Development Council. New York State Homes and Community Renewal is providing $2 million through its Rural and Urban Community Investment Fund, and the Office of Parks, Recreation and Historic Preservation has agreed to provide federal and state Historic Preservation Tax Credits that generated $5.2 million in equity. Over the last decade, the Historic Tax Credit program has spurred more than $12 billion in private investment in more than 1,000 buildings across New York State. 

Read the full press release here.