Superintendent says Chair Factory PILOT deal would more than double initial offer

Superintendent Dr. Palicella described a proposed payment-in-lieu-of-taxes (PILOT) agreement for the Chair Factory development, saying the board would vote on the proposal that evening. He said the initial developer offer was roughly $7 million over 30 years but that the district's negotiation with outside consultants produced a more favorable package: "it's, almost $15,000,000 over a 20 year period," plus "additional funds to provide to the district in the amount of, just over $5,000,000" to address facility wear and additional student needs.