The Charles R. Wood Theater history dates to late 1995 when a group of private business leaders in Glens Falls, NY convened with a common goal to strengthen the downtown commercial district of Glens Falls, NY. Glens Falls, a typical small downtown, experienced failed urban renewal in the 1960s, the flight of traditional retail in the 1970s and 80s, and a significant economic downturn in upstate New York in the 1990s. This group of business leaders formed a non-profit economic development corporation called Partners For Progress Development. Later that year the Woolworth Corporation closed its Glens Falls location and Partners For Progress identified the property, the largest and most modern on the main block of downtown, as a key to the downtown's future and purchased it.
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