To read more ink to original--LeRay to vote on tax break for biomass plant Friday
WEDNESDAY, JUNE 27, 2012
The LeRay Town Council will hold a special meeting Friday to vote again on the five-year payment-in-lieu-of-taxes agreement proposed by ReEnergy LLC, Albany, to launch a $34 million project that would retrofit a former coal plant at Fort Drum.
The tax break would give the company a 50 percent average abatement of the plant’s assessed property value of $30 million for the five years, effective 2014.
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