Financial Failures Legal Disputes

City Hall Lease Dispute: $226K Unpaid, Termination Deadline Missed

Moving city hall to Proctor’s created two immediate problems at the old location. The city owed its current landlord, First Columbia, $226,807 in Common Area Maintenance fees from 2024. Mantello disputed the CAM math but acknowledged the bill was unpaid. More seriously, First Columbia’s attorneys argued the city had already missed the deadline to exercise its early-exit option, meaning Troy could be trapped in its River Street lease through January 2029, two years past the planned move date.

Sources: CBS6, News10, WAMC