ST 031315

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Lo c a l Volume 10  •  Issue 10  •  March 13 – March 19, 2015

I n d e p e n d e n t

F r e e saratogaTODAYnewspaper.com  •  (518) 581-2480

The Price of Growth Tax break debate heats up for Luther Forest by Stephanie Hale-Lopez Saratoga TODAY

LFTC/GlobalFoundries’ attorneys Matthew Jones and Alex Besso during the public hearing on the zoning amendments at the Malta Town Board Meeting Monday, March 2. Photo by Story Mavericks.

SARATOGA COUNTY — Malta’s Luther Forest Technology Campus (LFTC) is home to a huge economic development project – the U.S. production site for GlobalFoundries Inc., the world’s second-largest computer chip manufacturing plant. Since settling into the Luther Forest Technology Campus, GlobalFoundries has shattered its projected growth. The $10 billion plant now employs roughly 3,000 people and is planning to expand its 1.7-million-square-foot foundry. Just last month, GlobalFoundries proposed adding nearly 500 parking spaces to Fab 8, bringing the total available parking to 2,832 spaces.

While a record incentives package totaling over $2 billion from New York State helped attract GlobalFoundries to the area, LFTC is struggling to acquire other technology-oriented tenants, as evidenced by the fact that the rest of the 1,400-acre campus remains undeveloped. Representatives from LFTC say the campus needs local tax incentives to attract high-tech businesses and the thousands of jobs that they bring. Developers point out that local law blocks PILOT (payment in lieu of taxes) incentives for Luther Forest, the only area in the state to do so; furthermore, the campus is ineligible for Start-Up New York incentive programs. See Luther Forest pg. 10

Munter Ranked No. 2 in State

by Neil Benjamin Jr. Saratoga TODAY

Gabe Munter is your average, unassuming middle school student who goes about his days preparing for classes and wondering about the future. The 13-year-old Maple Avenue Middle School 7th grade student studies, goes to most of his classes, has the life

of a young teenager and still figures a way to remain one of the best youth skiers in the state. Last weekend, Munter took home a gold medal at the New York State youth championships at Gore Mountain in Giant Slalom, before finishing fourth in Super G and fifth in the Slalom. His father, John Munter, said Gabe was “one of just a

few skiers” who finished in the top-5 of every event over the weekend, garnering him the No. 2 overall ranking. At the meet, there were 76 youth competitors from six councils statewide. By the end of the weekend, Munter had climbed to being the No. 2-ranked skier in the state in the under-14 division. See Munter pg. 11

Featured Stories

Traffic Pain Before Gain See pg. 2

See pgs. 20-22

Inside TODAY Blotter 5 Obituaries 6-7 Historic Saratoga 12-13 Business 14-15 Education 18-19 Families TODAY 23-31 Pulse 38-39 Sports 44-47

Weekend Forecast FRIDAY

43|29 SATURDAY

42|34 SUNDAY

41|24


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ST 031315 by Saratoga TODAY - Issuu