COHOES IDA Responsible for the following projects: Water View Apartments 2011 • Harmony Mill Lofts Riverview 2009 • Eddy Village Green Nursing Home Complex 2008 • Zandri office addition on I-787 (2001) • Hudson River Savings Bank on Mohawk St (2002) • American Housing Foundation on the new 90 unit Seniors Complex on Columbia St. (2003) • Victor Carrybag Demolition (2003-04) • Admirals Walk Condo development on Delaware Avenue (2005) • Harmony Mill Loft Apartments (2005) • Cohoes Professional Center (2006) • Rite Aid (2006) • Waterside Luxury Apartments (2007)

 welcome to cohoes ida

The Mission of the Cohoes IDA includes undertaking projects and programmatic initiatives in furtherance of and to advance the job opportunities, health, general prosperity and economic welfare of the people of the Cohoes and to improve their recreational opportunities, prosperity and standard of living.
NEXT MEETING OF THE COHOES IDA
8:00 AM - TUESDAY - MAY 22ND
MAYOR'S OFFICE - 97 MOHAWK ST.
The Cohoes Industrial Development Agency is appointed by the mayor and common council. Seven non-compensated members are chosen to the board. The agency is able to provide Payments in Lieu of Taxes (PILOTS) , bonding assistance and sales and use tax exemption for new construction and business.

The Cohoes IDA helps to provide industrial revenue bonds to larger, financially strong, industrial, manufacturing, agribusiness, corporate offices and research and development projects that are best suited for this form of financing. An alternative to industrial revenue bonds would be a Sale/Lease Back Transaction ideally suited for real estate/facility projects.

Industrial facilities constructed and/or reconstructed with the use of Industrial Revenue Bonds or Sale/Lease Back Transactions through the CIDA are eligible for real property tax exemptions. The agency holds title to the project and a Payments in Lieu of Taxes (PILOTS)  is negotiated between the agency and the company that abates a portion of the real property tax.

For more information about either one of these entities please contact their offices at 518.233.2117  

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Cohoes Industrial Development Agency

97 Mohawk Street
Cohoes, NY 12047
518.233.2117 * Fax: 518.233.2168
Email: Cohoes IDA

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