PILOT AGREEMENT: Galloo Island project PILOT is $2.4 million
By NANCY MADSEN
TIMES STAFF WRITER
WEDNESDAY, NOVEMBER 11, 2009
The proposed Galloo Island Wind Farm is ready to agree to spend more than $2 million per year as part of a payment-in-lieu-of-taxes agreement, but it stands to save nearly $23 million in other tax abatements.
Officials from the town of Hounsfield, Sackets Harbor Central School District and Jefferson County are firming up their division of a property tax PILOT, which will generate $2.14 million per year.
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