Hornell IDA News

March 14th, 2019

HORNELL, NY – The Hornell Industrial Development Agency met Thursday afternoon and three items were on the table. The first two dealt with tax breaks for companies undergoing building projects, and the final one was an update on a newly established business.

Rockland Silt Mill (formerly Park Grove Realty) was given the green light to go ahead with their renovations on a $9 million project turning the old Marion Rohr into a state of the art multi-family loft style apartment building.

Rockland is requesting sales, mortgage, and property tax exemptions from the IDA so they can begin renovations in June of this year. An inducement resolution was approved at today’s meeting and a cost benefit analysis and public hearing will soon take place.

Alstom is requesting a sales tax exemption extension to June of 2020 after the cost of their capital project ballooned from $20 million to $40 million dollars. A new 37,000 sq. ft. building is planned at their location.

Griffin was happy to announce that Strobels Supply is settled into their new location (old Trikeenan building) and the deed and all utilities have officially been turned over. They have since begun many renovations such as installing new spray booths and some minor demolition work.