The chemical manufacturing plant being built on Ferry Street in Albany qualifies to be free from property taxes for five years, an exemption the city council is being asked to approve this week.
The council talked about it briefly during Monday’s work session and will be asked to vote on the exemption on Wednesday. Councilor Carolyn McLeod expressed some misgivings, but I didn’t hear her say how she would vote.
The company, Valliscor, is building the Albany factory to make fluorine-containing products for pharmaceutical, electronics and polymer industries. The plant qualifies for the tax exemption under the state enterprise zone program intended to encourage job creation and economic growth…