County I-D-A Meeting With Wind Developer Today to Discuss Tax Breaks
The Cortland County Industrial Development Agency is holding a special meeting today to discuss tax breaks for a proposed industrial wind farm that is looking to locate in four local towns.
Representatives with wind developer T-C-I Renewables will present their planned wind to energy project to the I-D-A today.
According to I-D-A Director Gary VanGorder while the I-D-A board is aware of the project, the project has not been officially presented to the board as part of a request for a pilot or payment in lieu of tax request.
T-C-I is looking to install 44, 500 foot tall turbines in the Towns of Homer, Cortlandville, Truxton, and Solon. The project has generated a fair amount of controversy among landowners in the four towns. Several landowners are concerned that the towers will negatively impact their property value and quality of life. Supporters including landowners who would host the towers see this as a source of clean renewable energy as well as another income source to help offset increasing property taxes.
T-C-I has run into several road blocks since the project was proposed over three years ago. The company’s initial environmental review has been criticized as being light on detail and the company has not completed some of the required environmental studies in connection with the draft impact study. More recently the company asked the County to suspend the environmental review process.
T-C-I’s draft impact statement calls for the company to pay Cortland County $355 thousand dollars a year for 20 years as part of a PILOT agreement. That adds up to $7.1 million over the 20 year term and that money would be split between the county, the four towns, as well as the local school districts.
Without the tax break the company could pay as much as $7 million in taxes a year.
VanGorder stresses the I-D-A has not committed to any tax breaks at this point.