Parks Recreation & Historic Preservation June 23, 2009
2009 ~ Galloo Island Wind ~Developer windfall: $23 million
By NANCY MADSEN
TIMES STAFF WRITER
PUBLISHED: WEDNESDAY, NOVEMBER 11, 2009 AT 3:16 AM
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.
JCIDA will levy a $1.2 million fee for its role in working on the tax breaks.
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