Summary
The board backed Twin Ponds Housing LLC's application to the county IDA for tax benefits on its approved Burdick Street apartment complex. The IDA will negotiate the payment-in-lieu-of-taxes split among the town, county, and school district.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed May 13, 2026.
Impact analysis
Tax benefits would reduce the project's tax payments, with the PILOT split negotiated by the IDA among the town, county, and schools.
The housing developer receives tax incentives; future residents gain apartment options on Burdick Street.
Taxpayers could see reduced revenue from the property if the PILOT is granted.
Mentions & discussions (2)
Town Board - May 13, 2026
The board signed a letter of support for the Twin Ponds project's county housing grant application. One resident warned the $8.6 million tax abatement shifts costs onto other taxpayers, while board members argued the housing is badly needed.
Town Board - Apr 8, 2026
The board backed Twin Ponds Housing LLC's application to the county IDA for tax benefits on its approved Burdick Street apartment complex. The IDA will negotiate the payment-in-lieu-of-taxes split among the town, county, and school district.
Related development
Twin Ponds Housing Project
Supports roughly 16+ units of new housing with a 10-year phased tax abatement; critics say the abatement shifts taxes to other property owners.
Twin Ponds Apartments
The IDA will negotiate a PILOT splitting tax payments among the town, county, and school district, potentially reducing tax revenue from the site.
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