Saratoga Today Newspaper October 29, 2010 Buy Local

Page 1

Week of October 29 - November 7, 2010

In Print and Online

F R E E Volume 5 • Issue 43 • SaratogaPublishing.com

FORECLOSED State takes over Luther Forest by Yael Goldman Saratoga TODAY GlobalFoundries is here; the Chip Fab is still bringing jobs to the area and Saratoga County communities and businesses are still certain to benefit, but how they will benefit is suddenly unclear. New York State made a swift move last week to take possession of Luther Forest Technology Campus (LFTC) in Malta, where GlobalFoundries is now operating. The takeover came as a shock:

On Wednesday, October 20, the Empire State Development Corporation demanded the LFTC Economic Development Corporation Board of Directors' resignation, without prior indication, and aggressively moved forward in proceedings to foreclose on the tech campus for two main reasons: defaulted loans and a delinquent construction project. Town officials were not notified. "The State never contacted me; I read about it in the newspaper,"

“"It looks like the State is trying to change the rules after the fact.” Bill Peck Saratoga County Board of Supervisors Chairman

See State page 16

Meet

Taking Off for NASA by Yael Goldman Saratoga TODAY For self-proclaimed “space geek” Phylise Banner, sitting front-row during the next NASA lift-off is a dream come true. The Saratoga Springs woman is one the 150 “tweeters” (people following NASA via the social-networking site Twitter) randomly chosen from around the world to participate in the

See Local page 17

The Candidates pgs 5-8 pgs 19-22 Insert Inside 1B-16B

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