Niagara Gazette

Local News

January 8, 2013

Covanta vote expected on Thursday

Niagara Gazette —

A proposed tax break agreement for a local waste-to-energy company will likely come to a vote during today's meeting of the Niagara County Industrial Development Agency's board of directors.

While the proposed 15-year payment-in-lieu-of-taxes deal for Covanta Energy, Inc. in Niagara Falls has been questioned by some critics, NCIDA Chairman Henry Sloma said Tuesday he's prepared to vote on the company's application for assistance and believes his board colleagues are ready to do the same. 

Sloma said his position hasn't changed and that he believes the company needs the tax abatement package to stay competitive.

"This is what keeps them successful and keeps them in the state," Sloma said.

Covanta officials requested the tax break agreement to support plans for a $30 million expansion at its plant off 56th Street. The expansion would allow Covanta to import municipal waste by the ton from New York City by rail. 

In its project overview, the NCIDA claims the proposed plant improvements will create $38 million in "community benefits" for an estimated tax abatement of $8 million over the course of the agreement.

Amy Hope Witryol, a retired bank executive and former state senatorial candidate who spoke against approval of the tax break package during a public hearing last week, said her own analysis of information related to Covanta's operation and the NCIDA's project estimates leads her to believe the deal is bad for taxpayers in Niagara County.

She said documents related to the company's performance, including presentations for stockholders and Securities and Exchange Commission filings, suggest Covanta doesn't need public assistance to move forward with the proposed expansion.

She has been contacting NCIDA and city leaders in recent days, urging them to reconsider the deal, or at least negotiate better terms. 

Text Only | Photo Reprints
Local News
Featured Ads
Seasonal Content
House Ads
AP Video
Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN Raw: Deadly Landslide Hits Indian Village Obama Chides House GOP for Pursuing Lawsuit New Bill Aims to Curb Sexual Assault on Campus Russia Counts Cost of New US, EU Sanctions 3Doodler Bring 3-D Printing to Your Hand Six PA Cops Indicted for Robbing Drug Dealers Britain Testing Driverless Cars on Roadways Raw: Thousands Flocking to German Crop Circle At Least 20 Chikungunya Cases in New Jersey Raw: Obama Eats Ribs in Kansas City In Virginia, the Rise of a New Space Coast Raw: Otters Enjoy Water Slides at Japan Zoo NCAA Settles Head-injury Suit, Will Change Rules Raw: Amphibious Landing Practice in Hawaii Raw: Weapons Fire Hits UN School in Gaza Raw: Rocket Launches Into Space With Cargo Ship Broken Water Main Floods UCLA
Opinion
House Ads
Night & Day
Twitter News
Follow us on twitter
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Front page
Poll

Do you think cigarette sales to non-Native American customers should be taxed on reservations?

Yes. Items should be taxed like they are everywhere else.
No, the indian reservations are sovereign land and they are selling them on their land.
Not up to me. Native Americans decide the rules on their land.
Don't care. Smoking isn't good for you.
     View Results