Costs and Benefits of Noble Chateaugay and Bellmont Windparks: Issues for County of Franklin IDA's Consideration

New York’s Franklin County Industrial Development Agency (IDA) asked CGR to conduct an economic impact study of an 86-tower wind farm project proposed for two towns. CGR assessed the number of jobs the construction phase will generate (332 jobs, direct and spillover), construction-related job earnings ($16 million) and the number of jobs that will be involved in the annual operation of the wind farm (<30 jobs, direct and spillover). CGR also estimated the developer’s annual net revenue from the proposed wind farm in order to provide information to the IDA for the negotiation of a payment-in-lieu-of-tax (PILOT) agreement.

Report Date: Jun 2007
Author(s): Rochelle Ruffer , Kent Gardner
Subject(s): Public Finance , Economic Analysis
Location: Franklin, New York