January 26, 2012
The SunTrust office building is now home to the bank’s main branch offices, Jacobs Defense Contracting and the U.S. Secret Service.
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Tax records show that the Suntrust building sold for $3.1 million in 2008, but is currently assessed at $2.9 million — more than $1,109,800 less than WG&L's proposed purchase price.
An Albany City Commissioner is requesting city officials shine the light on proposed real estate transaction involving the Albany Water, Gas and Light Commission that he says may have been done to skirt scrutiny from the city commission.
If bought, the Albany Water, Gas & Light Commission would move its offices from the former Hotel Gordon to the new location at 410 West Broad Avenue.
WG&L officials met recently with city commissioners in a closed-door meeting.