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Glens Falls IDA extends sales‑tax exemption for downtown rehabilitation, agrees to sponsor DRI celebration
Summary
At its Dec. 11 meeting the Greater Glens Falls Industrial Development Agency extended a sales‑tax exemption tied to the downtown rehabilitation project identified in the record as Glens Falls Ventures and agreed to be a sponsor of a city celebration closing out DRI work; both motions passed unanimously as recorded.
The Greater Glens Falls Industrial Development Agency voted Dec. 11 to extend a sales‑tax exemption for a downtown rehabilitation project identified in the record as Glens Falls Ventures and to join as a sponsor of a city event highlighting progress under the state’s Downtown Revitalization Initiative (DRI).
The board discussed tenanting and construction progress on the multi‑building Phase 1 redevelopment and decided to extend the agency’s sales‑tax exemption to June 30, 2026, while noting board members expect the project to finish earlier. Chair (name not…
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