March 2, 2026
Albany, N.Y.The Albany County Legislature has formally approved the transfer of the long-vacant Al Tech Steele site to the Albany County Industrial Development Agency (IDA), marking a major step toward revitalizing one of the region’s most strategically located industrial properties.
The action positions the IDA to lead redevelopment efforts at the former Al Tech specialty steel manufacturing campus, advancing Albany County’s commitment to economic growth, job creation, and productive reuse of underutilized industrial land.
Located within the Town of Colonie, the Al Tech site has remained dormant for years despite its proximity to major transportation corridors, utilities, and workforce assets. With the transfer complete, the IDA will have the authority and flexibility necessary to pursue site planning, environmental remediation coordination, infrastructure improvements, and targeted marketing to advanced manufacturing and clean energy firms.
“This transfer is about unlocking opportunity,” said Albany County Executive Daniel P. McCoy. “The Al Tech site represents both our industrial heritage and our economic future. By placing this property under the stewardship of the Industrial Development Agency, we are creating a clear pathway for strategic redevelopment that will generate jobs, expand the tax base, and strengthen Albany County’s position as a hub for innovation and manufacturing.”
The IDA will begin immediate due diligence activities, including updated site assessments and market analysis, to determine the highest and best use for the property. Future redevelopment plans are expected to prioritize:
- Advanced manufacturing and supply chain operations
- Clean energy and green technology uses
- Semi-conductor Supply Chain
- Projects aligned with regional workforce development initiatives
“Transforming dormant industrial properties requires focused leadership and specialized tools,” said IDA Chairman Michael Paparian. “The transfer enables the IDA to leverage its economic development expertise and financial tools to attract high-quality private investment while ensuring long-term community benefit.”
The redevelopment of the Al Tech site aligns with broader county and state economic development strategies aimed at reclaiming legacy industrial sites and positioning upstate New York for 21st-century industries.
Additional updates regarding the generic environmental impact statement underway, redevelopment, planning and stakeholder engagement will be shared in the coming months.