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First Prize developers seeking state pollution cleanup tax break

30 Jan 2018 9:42 AM | Anonymous member (Administrator)

by Brian Nearing, Albany Times-Union (NY)

Albany - Developers behind a proposed multimillion-dollar rebirth of the decaying former Tobin First Prize meatpacking plant are seeking a state tax break under a program meant to encourage pollution clean-ups on industrial property.

First Prize Development Partners LLC filed an application last fall for the project to be added to the Brownfield Cleanup Program, according to an announcement Thursday from the state Department of Environmental Conservation.

The state program makes developers who clean up and redevelop polluted properties eligible for state tax credits based on the expenses for a cleanup and what is spent to redevelop and build once the cleanup is done.

For the entire article, see

http://www.timesunion.com/business/article/First-Prize-developers-seeking-state-pollution-12507735.php

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