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Utica IDA holds public hearing on True Storage renovation, agency outlines proposed five-year tax exemptions
Summary
The Utica Industrial Development Agency held a public hearing on a proposal from True Storage Utica LLC to renovate a 165,000± sq. ft. building at 501 Bleecker Street and seek five years of tax relief.
The Utica Industrial Development Agency held a public hearing on a proposal from True Storage Utica LLC to renovate a 165,000-plus-or-minus square-foot building at 501 Bleecker Street and to provide climate-controlled self-storage units while preserving an urban grocery store.
“This is Jack Spathe. I'm the executive director for the Utica Industrial Development Agency,” Spathe said during opening remarks. He described a transaction in which the agency would lease the facility from the company and then lease it back, and said the…
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