Link here to continue reading -- Watertown Daily Times Galloo wind developer files termination of purchase memorandum
TUESDAY, NOVEMBER 29, 2011
Galloo Island Wind Farm developer Upstate NY Power Corp. filed a termination of its memorandum of option to purchase Galloo Island from Galloo Island Corp. on Wednesday morning.
The termination has no bearing on whether the project is viable, Upstate NY Power representative Robert W. Burgdorf said in an email Monday. He said the paperwork was filed as some of the terms of the agreement are changing. It will be replaced by a new memorandum reflecting the new terms.
2 comments:
Now is the time to lobby the Watertown Development of New York LLC to refrain from further involvement in this project. The County Legislature realized that their PILOT was not a good one, so why continue this?
Excellent point
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