TOWN OF NEWBURGH – The owners of the Danskammer power plant in the Town of Newburgh are seeking an extension on their six-year payment-in-lieu-of-taxes agreement with the Orange County Industrial Development Agency.
In return for a four-year PILOT extension, the company, which wants to build a new power plant at its site, said it would waive the $900,000 overpayment it made to the town and Newburgh Enlarged City School District.
IDA Chief Executive Officer Laurie Villasuso said the request was made to the agency board on Thursday. “They reached out to both the town and school district and the town and the school district passed resolutions approving not only the extension of the PILOT, but approving extension of that PILOT meant Danskammer would no longer seek reimbursement for the overpayment,” she said.
That extended PILOT proposal will now go through the normal IDA process including a public hearing before the board acts on it.
