Wednesday, August 13th
11:00 AM Registration
Noon Shotgun Start
11:00 AM Registration
Noon Shotgun Start
Wednesday, August 13th
5:00 PM to 7:00 PM
5:00 PM to 7:00 PM
Thursday August 28th
Noon- 1:30 PM
Noon- 1:30 PM
Wednesday, September 10
5:00 PM to 7:00 PM
5:00 PM to 7:00 PM
Letter to the Membership - July 2008
By Jean McPheeters, President
Tompkins County Chamber of Commerce
The State Legislature has just recessed and some important legislation has passed while other bills remain to be considered. One hallmark of this year is that Governor David A. Paterson announced an agreement with legislative leaders to reform the state’s Brownfield Cleanup Program to better target incentives for the cleanup and redevelopment of contaminated sites.
“This legislation is an important step forward for improving both our environment and our economy,” said Governor Paterson. “If properly targeted, these tax incentives have the potential to turn Brownfields into economic engines, particularly upstate. This agreement balances the need to both clean up sites and spur development with the need to provide fiscal controls and prevent situations where developers received unintended windfalls.”
There has been legislation in place for some years, but there were complaints about fairness and about windfalls for some developers. The new legislation will:
In the Ithaca area, Brownfield legislation has helped redevelop the South Hill Business Campus and will be used to cleanup the Ithaca Gun factory site for housing development. Several industrial sites have been of concern for neighbors and the community and this new legislation promises some assistance for landowners, developers and communities. I hope that members of our community will work together to revitalize these properties and make the areas safer and more productive.
Tompkins County Chamber of Commerce
The State Legislature has just recessed and some important legislation has passed while other bills remain to be considered. One hallmark of this year is that Governor David A. Paterson announced an agreement with legislative leaders to reform the state’s Brownfield Cleanup Program to better target incentives for the cleanup and redevelopment of contaminated sites.
“This legislation is an important step forward for improving both our environment and our economy,” said Governor Paterson. “If properly targeted, these tax incentives have the potential to turn Brownfields into economic engines, particularly upstate. This agreement balances the need to both clean up sites and spur development with the need to provide fiscal controls and prevent situations where developers received unintended windfalls.”
There has been legislation in place for some years, but there were complaints about fairness and about windfalls for some developers. The new legislation will:
- Limit redevelopment credits for non-manufacturing projects to $35 million or 3 times the cost of site cleanup, whichever is less.
- Limit redevelopment credits for manufacturing projects to $45 million or six times the cost of site remediation, whichever is less.
- Streamlines administration of the Brownfield Opportunity Area Program.
- In some cases, will provide more than double the current tax incentives for site cleanup, up to 50 percent of cleanup costs.
In the Ithaca area, Brownfield legislation has helped redevelop the South Hill Business Campus and will be used to cleanup the Ithaca Gun factory site for housing development. Several industrial sites have been of concern for neighbors and the community and this new legislation promises some assistance for landowners, developers and communities. I hope that members of our community will work together to revitalize these properties and make the areas safer and more productive.