Amazon Amazon has plans to build a “Fulfillment” center in the town of Schodack which is just south of Albany. The building would be 1,015,740 square feet. It would be about a third of a mile long. It is claimed that it will employ 800 people full time. It would have 30,500 square feet of office space, 95 loading docks, 300 tractor-trailer spaces and more than 1,000 employee parking spaces.
According to the Albany Business Review:
“The request seeks a deviation from the usual formula in which the property tax exemption gradually declines every year until the entire value is taxed. Scannell Properties [Amazon’s agent] wants a 50 percent reduction for the entire period, with the assessment frozen at $55 million, said Bob Pasinella, executive director of the IDA. The terms are being negotiated.”
“The project would generate more than $1 million in property taxes [JK: They claim] during the first year, considerably more than what the town, school district and county get now, according to Amazon representatives.”