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Developers seeking IDA support for South Street projects; Market Center ribbon cutting set for May 16
Summary
IDA members discussed several South Street development proposals, including Chris Patton's work at 4656 South Street and adjacent sites, the role of historic tax credits, shared parking plans and a tentative May 16 ribbon cutting for the Market Center.
Members of the Glens Falls Industrial Development Agency spent substantial time at the February meeting discussing several South Street redevelopment projects and how the IDA might support them.
Jeff, a staff member, described conversations with local developer Chris Patton, who is working on multiple properties including 4656 South Street and a former Rite Aid site. “His costs are beyond what he had expected,” Jeff said, and the developer has asked whether IDA assistance such as a pilot mortgage‑tax abatement or sales‑tax abatement might be appropriate.
Jeff said Patto…
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