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Board backs request to extend brownfield tax credits for 125 Bath Street
Summary
Trustees voted to support legislation to extend brownfield remediation and redevelopment tax credits for the property at 125 Bath Street, a state-administered incentive whose expiration residents warned could jeopardize cleanup viability.
The Ballston Spa Village Board approved a resolution asking state legislators to introduce measures that would extend the duration of brownfield remediation and redevelopment tax credits for the property at 125 Bath Street.
Mayor Frank Rossi read information from an assembly office describing that the property received brownfield tax credits in 2019 and that the credits are set to expire this year. The property owner, identified in the memo as James Badoyne, asked for municipal support…
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