COLUMBUS – The maker of Chobani Greek-style yogurt is requesting additional concessions from the Chenango County Industrial Development Agency to continue its expansion at the company’s South Edmeston site.
Agro Farma has already asked for, and received, a sales tax exemption for building materials, supplies and fixed equipment related to the construction of a new 150,000-square-foot refrigerated warehouse.
“They are ... coming back asking for additional benefits,” CCIDA Executive Director Maureen Carpenter explained to members of the agency’s board at a meeting yesterday.
According to Carpenter, the yogurt maker is seeking property tax abatement in the form of a Payment in Lieu of Taxes (PILOT) agreement for the $22 million warehouse project.
Carpenter placed the projected benefit of the PILOT agreement at $843,975, based on a $5 million assessment. She was quick to point out that the amount the company would pay according to the anticipated PILOT schedule it would represent only a minimal decrease – approximately $400 – in tax revenue for the town, county and school district in the first year, based on what was paid by the owners of the property which Agro Farma acquired to build the warehouse.