Waste360 is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Need to Know

Montgomery, NY, OKs $270M Bonds for Biomass Plant

Jim Taylor’s 15-year quest to build a plant capable of turning waste into energy turned a corner on Monday when the Town of Montgomery’s Industrial Development Agency approved a resolution declaring itself a pass-through for up to $270 million in bond funding.

Taylor and a representative from Orange Environment Inc. were the only two people to speak during a public hearing on the project, which is to be built at the Neelytown Road property where Taylor operates a recycling facility.

After the hearing closed the IDA’s board voted in favor of between $235 million and $270 million in tax-exempt bonds for the project. In April the IDA voted to establish a local development corporation to act as facilitator for the bonds, which Taylor is confident can be sold to private investors.

Continue reading at Times Herald-Record

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.