To my knowledge, most of what the Hudson IDA (Industrial Development Agency) has done over the years has been to give PILOT (payment in lieu of taxes) agreements to developers of low-income housing. At the moment, its only active project is Hudson Terrace, which has a PILOT with the City for its property taxes. For years, there has been talk of dissolving the IDA, but no action was ever taken. Recently the New York State Authorities Budget Office (ABO) recommended that the IDA be dissolved.
Sam Pratt has a post about the situation on this blog: "Eliminate Hudson agency, State recommends."
There is also an article by John Mason in today's Register-Star: "State to Hudson: Drop IDA."
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