There are too many X’s on buildings around Troy.

They’ve been left to deteriorate by many absentee landlords and some locals who just don’t seem to care. When I saw our new mayor in front of a historic Troy house being torn down during her first week it made me realize this issue has been a recurring nightmare in Troy for many years.

The first thing you hear is a building is too far-gone to rehab it. My reply is to look at the ten buildings that make up Washington Place, a row of Greek Revivals that years ago had no backs, some with no roofs, and some without floors. One was just a facade. It looked like a bombed out city block from WW II.

Today those buildings are collectively worth over 4.5 million dollars. Number 4 is assessed at $1,633,819. Number 7 is worth $699,999. A few years ago you couldn’t give them away but one person took the gamble. Others followed. The results? Watch The Gilded Age on HBO and see them as backdrops.

Troy’s history is not only its people but also its landscape and historic structures that make up the fabric that makes Troy one of the most historic in the country. Past city administrations have never embraced the history or the economic engine it could have become. Heritage tourism is big bucks and we are not capitalizing on our rich history. I can show you someone from Troy that was in most of America’s most defining moments. Yeah, we have that kind of history.

Heritage Tourism is a major economic generator in this country. Even those who go camping visit a historic site while in the wild. In 2019, the latest figures show 17% of Gen Z, 18% of Millennial, 26% of Gen X, 40% of Baby Boomers, and 31% or older folks born before 1946, visit historical sites while camping.

Let’s look at statistics recently released by the Governor about heritage tourism in our area.

In 2022, visitor spending and tourism-related employment grew to $2.4 billion and 33,098 jobs, respectively. Visitor spending in the Capital-Saratoga region improved by 26% to reach 110% of 2019 levels.

Albany County represents 39% of the region’s tourism sales, with $959 million in direct tourism spending. Saratoga’s share of visitor spending accounted for 33% in 2022. This was followed by 16% in Schenectady, and only 7% in Rensselaer County.

Travelers spent $2.4 billion in the Capital-Saratoga region in 2022 across a diverse range of sectors. Spending on food & beverages and lodging comprised 37% and 25% of total, respectively. Retail and service stations also generated significant economic activity in the region, tallying $405 million (17% of total spend). Albany and Saratoga was the top two with Rensselaer coming in with $30 million in Lodging, $8 million in Recreation.

Tourism Economic Impact amounted to $160 million in direct sales and generated $68 million in labor income and employed 1,736 people. It generated $10 million in local taxes.

Tourism in the Capital-Saratoga region generated $774 million in direct labor income and $1.2 billion including indirect and induced impacts. Total labor income including indirect and induced impacts was the most significant in Albany County at $523 million. In Rennselaer County it produced $68.2 million in total (direct, indirect and induced).

In 2022, 3.9% of all labor income in the Capital-Saratoga region was generated by tourism, compared with 3.7% in 2021. Saratoga County continued to be the most dependent county in the region upon tourism labor income, as 6.1% of all labor income in Saratoga was generated by visitors in 2022.

In 2022, total tourism-generated employment registered 33,098 jobs, 7.3% of all jobs within the region. Direct employment in tourism accounted for 5.2% of all jobs. Rensselaer tourism generated jobs amounted 1,245 direct and 1,736 (total, direct, indirect and induced). Schenectady County and Saratoga County were most dependent on tourism as 12.4% and 11.7%, respectively, of all employment in both counties was generated by visitors.

Albany County produced the most tourism-related jobs in the Capital Saratoga region (12,780 jobs).

Tourism in Capital-Saratoga generated $290 million in state and local taxes in 2022. Sales, property, and hotel bed taxes contributed $158 million in local taxes. Albany County constituted 42.6% of the region’s tourism tax base. Rensselaer produced $9,763 in local taxes, a pittance compared to Albany, Saratoga and Schenectady.

Tax savings per household because of it was $275 per household compared to $946 for Albany and $902 for Saratoga. Even Schenectady households did better at $723 per household.

So what does this all say? Heritage tourists spend more money and stay longer. Rennselaer County and Troy need to up the ante when it comes to heritage tourism. So is this administration up to the challenge?

We shall see.

Got History? Don is the author of a dozen books about his hometown. You can reach him at drittner@aol.com

QOSHE - RITTNER: Stop tearing our history down - Don Rittner
menu_open
Columnists Actual . Favourites . Archive
We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

RITTNER: Stop tearing our history down

18 0
09.03.2024

There are too many X’s on buildings around Troy.

They’ve been left to deteriorate by many absentee landlords and some locals who just don’t seem to care. When I saw our new mayor in front of a historic Troy house being torn down during her first week it made me realize this issue has been a recurring nightmare in Troy for many years.

The first thing you hear is a building is too far-gone to rehab it. My reply is to look at the ten buildings that make up Washington Place, a row of Greek Revivals that years ago had no backs, some with no roofs, and some without floors. One was just a facade. It looked like a bombed out city block from WW II.

Today those buildings are collectively worth over 4.5 million dollars. Number 4 is assessed at $1,633,819. Number 7 is worth $699,999. A few years ago you couldn’t give them away but one person took the gamble. Others followed. The results? Watch The Gilded Age on HBO and see them as backdrops.

Troy’s history is not only its people but also its landscape and historic structures that make up the fabric that makes Troy one of the most historic in the country. Past city administrations have never embraced the history or the economic engine it could have become. Heritage........

© The Saratogian


Get it on Google Play