Board reviews Champlain Hudson Power Express valuation and pilot options

The Red Hook Town Board spent part of its March 25 meeting reviewing the town’s share of state-assessed valuation for the Champlain Hudson Power Express underwater transmission, and exploring whether to pursue a pilot (contractual) community-benefit arrangement or rely on the state’s tax roll assessment. S1 told the board the project’s total cost is about $6 billion and the town's proportional valuation on the rolls is roughly $12.5 million; he cautioned the town does not set the state valuation and that depreciation/obsolescence arguments are part of ongoing challenges.