New brownfields rules designed to spread out help
State tax credits will help to pay for the cleanup of a 14-acre site of Corning Inc.’s Fall Brook glass manufacturing facility on Tioga Avenue in Corning and 5.5 acres on Pine Street in the City of Poughkeepsie, once home to artillery-shell and chemical-fertilizer companies.
Corning Property Management will clean up the first site in anticipation of developing it for commercial and industrial uses and Poughkeepsie Waterfront LLC wants to covert its site into mixed commercial and residential use.
The brownfields program had been put on hold a few years ago because most of the money was going to just a few large developments, including the Ritz-Carleton hotel project in White Plains. But a revised law that became effective last month opens it to smaller projects again.
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