By Cathy DeDe, Chronicle Managing Editor
The Glens Falls Industrial Development Agency approved tax credits and a PILOT — Payment in Lieu of Taxes — amounting to an estimated $842,060 for Chris Patten’s 46-56 South Street project.
The PILOT in this case is a “partial real property abatement,” for a term of 10 years, IDA Chair Judy Calogero tells The Chronicle. It includes a 100% exemption of taxes on the …