61 Pilots Administered by Metroplex Generated $15.4 million in Revenue for Local Governments in Schenectady County in 2018
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in Press Release
Schenectady, N.Y. — The Schenectady County Metroplex Development Authority today provided its annual update on Payment in Lieu of Tax (Pilot) agreements. In 2018, 61 Pilot agreements generated $15.4 million for local governments and school districts in Schenectady County.
“We are pleased to provide this annual Pilot report,” said Ray Gillen, Metroplex Chair. “Our economic development team in Schenectady County continues to create new tax base. We are especially proud of the projects that replaced vacant buildings and blighted sites with new jobs and new tax revenue.”
Gillen noted that 55 of the 61 Pilots involve projects built at sites that paid little or no taxes prior to the economic development project taking place.
The list of 2018 Pilots payments follows:
| · 625 State Street in downtown Schenectady $699,932. Paid $0 prior to project. |
| · 450 State Street in downtown Schenectady $174,983. Paid $0 prior to project. |
| · 400 State Street in downtown Schenectady $91,083. Paid $0 prior to project. |
| · Broadway Center in downtown Schenectady, $301,029. Paid $0 prior to project. |
| · 135 Broadway in downtown Schenectady, $30,861. Paid $0 prior to project. |
| · 426 State Street in downtown Schenectady, $83,696. Paid $0 prior to project. |
| · Former Scotia Navy Depot in Glenville, $297,563. Paid $0 prior to project. |
| · 600 McClellan Street in Schenectady, $76,124. Paid $0 prior to project. |
| · DSM at Schenectady County Airport Business Park in Glenville, $132,865. Paid $0 prior to project. |
| · 447 State Street in downtown Schenectady, $27,680. Paid $0 prior to project. |
| · College Suites in downtown Schenectady, $30,285. Paid $0 prior to project. |
| · 325 State Street in downtown Schenectady, $26,335. Paid $0 prior to project. |
| · 1510 Maxon Road in downtown Schenectady, $598,667. Closed retail building at site that was vacant for 30 years and paid nominal taxes prior to project. |
| · Schenectady Armory in downtown Schenectady, $53,647. Paid $0 prior to project. |
| · 440 State Street in downtown Schenectady, $29,555. Paid $0 prior to project. |
| · Building 14 in the Rotterdam Corporate Park, $50,680. Paid $0 prior to project. |
| · 433 State Street in downtown Schenectady, $300,000. Project paid $10,000 per year in taxes prior to project. |
| · 600 Liberty Street in downtown Schenectady, $166,415. Was vacant retail site prior to project. |
| · 411 State Street in downtown Schenectady, $24,998. Paid $0 prior to project. |
| · 409 State Street in downtown Schenectady, $32,997. Paid $0 prior to project. |
| · 175 Freemans Bridge Road in Glenville, $126,737. Vacant retail building prior to project. |
| · 1925 Curry Road in Rotterdam, $49,210. Vacant retail building prior to project. |
| · 845 Broadway in downtown Schenectady, $29,997. Paid $0 prior to project. |
| · 2696 Hamburg Street in Rotterdam, $14,758. Long vacant retail building prior to project. |
| · 301 Green Street in Schenectady, $23,998. Long vacant manufacturing building that paid nominal taxes converted to loft housing. |
| · 111 Liberty Street in downtown Schenectady, $41,996. Long vacant office building converted to housing. |
| · 202 State Street in downtown Schenectady, $18,000. Long vacant building converted to housing. |
| · 525 Union Street in downtown Schenectady, $10,000. Vacant blighted buildings demolished for new office/retail/apartments. |
| · 564 Broadway in downtown Schenectady, $81,745. Vacant land that paid nominal taxes prior to project. |
| · 30 Commerce Park Drive in Niskayuna, $146,799. Vacant land prior to project that paid nominal taxes. |
| · 588 Broadway in downtown Schenectady, $52,896. Vacant junkyard occupied site and paid no taxes prior to project. |
| · 1130 North Wescott Road in Rotterdam Corporate Park, $32,433. Vacant land prior to project that paid nominal taxes. |
| · 1500 Rotterdam Corporate Park, $129,100. Vacant land prior to project that paid nominal taxes. |
| · Distribution Center in Rotterdam Corporate Park, $301,689. Vacant land prior to project that paid nominal taxes. |
| · Long Pond Village in Rotterdam, $294,461. Vacant land prior to project that paid nominal taxes. |
| · Capital Living in Schenectady, $526,011. New skilled nursing facility built on vacant land. Replaced outdated facility that was demolished. |
| · 204 Saratoga Road in Glenville, $203,000. Project replaced long vacant retail plaza. |
| · 245 Broadway in downtown Schenectady, $17,998. Built on vacant land that paid nominal taxes. |
| · Town Homes at Union Square in downtown Schenectady, $8,000. Project replaced blighted, vacant buildings with new townhomes. |
| · New office building at Socha Plaza in Glenville, $183,126. Formerly vacant land that paid nominal taxes. |
| · 150 Dutch Meadows Lane in Glenville, $179,966. Formerly vacant land that paid nominal taxes. |
| · 2160 Amsterdam Road at the Glenville Business and Technology Park, $197,992. Vacant land that was cleaned up prior to project. Site formerly paid no taxes. |
| · Kingsway Arms Nursing Center in Schenectady, $331,837. Building expansion added tax revenues. |
| · GE downtown Schenectady, $2,645,903. |
| · GE Rotterdam, $4,926,380. |
| · SI Group in Rotterdam Junction, $775,670. |
| · 100 Nott Terrace in downtown Schenectady, $161,168. Project replaced older hotel with new hotel adding tax base. |
| · 2 Commerce Park Drive in Niskayuna Commerce Park, $33,400. New construction on vacant land that paid nominal taxes. |
| · 242 Broadway in downtown Schenectady, $108,900. Vacant land prior to project that paid nominal taxes. |
| · Building 9 at Rotterdam Corporate Park, $13,837. Vacant land prior to project that paid nominal taxes. |
| · 25 Mohawk Avenue in Scotia, $55,851. Closed retail location and brownfield site that paid $0 in taxes prior to project. |
| · JLA Apartments in Schenectady, $36,372. New apartments on Albany Street. Formerly vacant buildings that paid nominal taxes. |
| · 13 State Street in downtown Schenectady, $37,382. Paid $0 prior to project. |
| · Peek Street site in Schenectady, $5,699. Paid $0 prior to project. |
| · Former Macy’s Rotterdam, $29,357. Closed retail store redeveloped to house 700 NYS jobs. |
| · Locomotive Lane, $160,666. Formerly vacant brownfield site that paid $0 in taxes prior to project. |
| · Craig St/ Hillside View/Community Builders, $21,660. Formerly vacant schools and lots that paid $0 in taxes. |
| · Summit Towers, $54,204. Renovated senior apartment complex that paid $0 in taxes. |
| · Hotel Foster Complex, $23,441. Paid $0 prior to project. |
| · Vista Square, $13,892. Paid $0 prior to project. Formerly vacant retail plaza that was municipally owned. |
| · BelGioioso, $30,688. Paid $0 formerly vacant federal site. |
TOTAL = $15,365,614