Wednesday, June 24, 2026

Council Appoints Daskaloudi to IDA

Last night, the Common Council appointed former Fifth Ward councilmember Vicky Daskaloudi as the community member on the Industrial Development Agency (IDA). The vote was 9 to 2, with Jason Foster (Third Ward) and Claire Cousin (Fifth Ward) being the only councilmembers to vote against the appointment. 

Although Mayor Joseph Ferris announced last Thursday, June 18, that Michael Chameides was withdrawing his name from consideration and hence he, Ferris, was withdrawing his recommendation, Foster asked before the vote what happened to Chameides. Council president Margaret Morris had to explain that Chaimeides had withdrawn from consideration.

It will be remembered that in March 2025, at the public hearing held by the IDA on the tax abatements sought by the Galvan Foundation for the building proposed for 75 North Seventh Street, a 75-unit building that would have been primarily market rate, Daskaloudi spoke out against granting a PILOT (payment in lieu of taxes), citing longtime homeowners struggling to pay their property taxes and warning that granting a PILOT to a project that was primarily market rate would set a bad precedent. 

The IDA, of course, never got a chance to make a decision about the PILOT for 75 North Seventh Street. A few weeks later, in early May 2025, Galvan withdrew its application and announced the project had been put on pause "due to macroeconomic uncertainties." Two months after that, in early July 2025, Galvan announced it was giving most of its real estate holdings in Hudson to Bard College.
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1 comment:

  1. This is fantastic news. The voters have made clear that we want to move on from the Galvan era and sweetheart tax deals for developers. And a Kamal Johnson allied politico was just not it. Also good to have Vicky back in the mix.

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