Proctor's was built in the early 20th century for vaudeville performances by Capital District entrepreneur Frederick F. Proctor, who built another theater with his name in nearby Schenectady. The theater flourished for decades, closing in 1977. The city of Troy acquired the property through foreclosure a year later.
In the early 2000s, RPI acquired the building and hoped to partially use it as office space and keep the theater. In 2011 it was announced that, in a $14.4 million public-private project including a $3.3 million Restore New York grant, Columbia Development Companies would acquire Proctor’s and launch a restoration. That redevelopment project is now on the fast-track. The Chamber will be the first tenant at the revitalized Proctor's, moving in in September.
Above and below: media types are gathered 'round for the formal announcement.