Albany Common Council to consider land sale in Coeymans
September 15, 2017 06:48 PM
On Monday, the Albany Common Council will consider the sale of 363 acres the city owns in the Town of Coeymans.
It was purchased years ago by the Jennings administration for $5.2 million. Neither a spokesman for Mayor Kathy Sheehan or a long-time Common Council member knows exactly what the final sale price will be yet but both believe it will be around $625,000. Both acknowledge the vast difference between the old buying price and the expected selling price.
When purchased, the parcel was supposed to serve as a back up for the Rapp Road landfill which is close to capacity.
But after the Jennings era purchase, some of the property was deemed wetlands making a landfill there an environmental violation.
The Town of Coeymans supported a sale two years ago to the NYS Department of Environmental Conservation in hopes that it would become "forever wild" land but that sale did not happen.
Sheehan staffers assessed the acreage for a solar installation but it wasn't suitable for that and also aggrieved a recent assessment.
The private buyer is CM Recycling - a subsidiary of Carver Company - which operates from the Port of Coeymans.
"If we can't put it in productive use, there is no sense in having taxpayers on the hook for property taxes. So we'd like this sold at the best possible price as soon as we can," explained Brian Shea, Kathy Sheehan's chief of staff.
NewsChannel 13 reached out to the Coeymans Town Supervisor Friday and while it was the initial hope that the land be "forever wild," he says Coeymans can't tell Albany who it can and cannot sell its property to when it's a private sale.
Updated: September 15, 2017 06:48 PM
Created: September 15, 2017 04:41 PM
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