Tax breaks sought for Port of Coeymans $3 million project

$3M project includes requests to IDA for PILOT, exemptionS

CoeymansNew POC Logo

The owner of the Port of Coeymans is seeking state and local tax breaks from Albany County to construct a $3 million building in the ever-growing Coeymans Industrial Park that provides quick access to the port and Hudson River.

Port owner Carver Laraway has received approvals from the town to build a 72,000-square-foot warehouse-type building for an out-of-state company that will employ 30 people, said Laraway’s attorney Donald Zee. Laraway’s application to theAlbany County Industrial Development Agency submitted Friday lists the business as Dockside Logistics LLC of Morristown, Tenn., a business that runs a storage and distributing center for the Charleston, S.C., port.

Laraway, who runs the industrial park under the name Coeymans Recycling Center, is requesting $290,687 in local sales, mortgage-recording and property-tax exemptions, plus $1.5 million expected to be saved in state sales-tax exemptions for a building that Dockside wants to be finished by December, according to the application.

The building will be on the private road that is now accessible by its own bridge across Coeymans Creek from Route 144. The industrial park is 300 acres that are uphill and east of the Port of Coeymans. The new building would also have a 90,000-square-foot staging area for materials, the application states.

The industrial park has already become the staging area for business connected to the Tappan Zee Bridge replacement project, which has involved putting together huge prefabricated girders and floating them down the Hudson. Zee said that the new business is not part of the Tappan Zee project.

As for other activity at the industrial park, Laraway has overseen the renovation of an old mushroom plant at the site, a former dilapidated structure covered in graffiti that was visible from the state Thruway, as well as a former PM Brick structure and construction of a new 54,000-square-foot building that houses a container business.

The land has also been fraught with controversy, as residents and environmental advocates — citing the Hudson River watershed — have fought to keep it from being used for industrial purposes. Local residents won a lawsuit last year that nullified the rezoning because the proper environmental review wasn’t done. After the town redid the process and rezoned it again, the residents and Hudson River watchdog groups filed a second lawsuit in an attempt to rescind the zoning that changed it from residential/agricultural to industrial.

 

By Lauren Stanforth

SOURCE OF ARTICLE: HTTP://WWW.TIMESUNION.COM/TUPLUS-LOCAL/ARTICLE/TAX-BREAKS-SOUGHT-FOR-PORT-OF-COEYMANS-PROJECT-6450999.PHP