Troutburg incentives approved for $227K
EDA stipulates $500K annually in cottages need to be built or else no deal
ALBION – The Orleans Economic Development Agency this morning approved $227,000 in tax incentives over 10 years for The Cottages at Troutburg. However, if the developer fails to grow the tax base by at least $500,000 a year with new cottages or other projects, the incentive deal could be cancelled.
Kendall residents and town officials spoke out against the deal in two recent public hearings. Town Councilman Bruce Newell asked that any incentives be tied to performance or new development at the 126-acre former Salvation Army Camp along Lake Ontario.
The EDA board acknowledged today the agency doesn’t typically make performance part of a tax incentive package. But the board added that stipulation.
“That was great language that was negotiated in the process,” said Ken DeRoller, an EDA board member and county legislator from Kendall.
Orleans Hub will have more on the tax incentive deal later today.