Received this email today from Luther Forest Technology Campus EDC [mrelyea@lutherforest.org]:

"Today's sale of 223 acres of land to GLOBALFOUNDRIES marks an important celebration of decades of hard work and a powerful global vision. Today also marks the moment when we begin to work toward an even more exciting future where we attract more world-class tenants at LFTC and usher in a new era of prosperity for our county, region and overall economy.

This afternoon there will be a press conference announcing the successful land sale at 3 pm at the Hyatt located on the southwest corner of I-87 exit 12."

Can we now assume that it's officially official?

quote:

Originally posted by Irish Law Girl:
Received this email today from Luther Forest Technology Campus EDC [mrelyea@lutherforest.org]:

"Today's sale of 223 acres of land to GLOBALFOUNDRIES marks an important celebration of decades of hard work and a powerful global vision. Today also marks the moment when we begin to work toward an even more exciting future where we attract more world-class tenants at LFTC and usher in a new era of prosperity for our county, region and overall economy.

This afternoon there will be a press conference announcing the successful land sale at 3 pm at the Hyatt located on the southwest corner of I-87 exit 12."

Can we now assume that it's officially official?

Yep, it's official. Clearing starts Monday. Accoring to the TU today, MW Zander has chosen Delaney Construction to do the site clearing.

Documents are signed. Permits are done and/or in the works. Monday looks like a go.

Here's hoping our home values start to increase...

Why, do you feel the need to pay more property taxes? Or are of the speculative persuation who bought property here to profit rather than to establish a home? For that matter, it's just as likely that prices will go down, what with having a FACTORY in our backyards.

quote:

Originally posted by merry:
Why, do you feel the need to pay more property taxes? Or are of the speculative persuation who bought property here to profit rather than to establish a home? For that matter, it's just as likely that prices will go down, what with having a FACTORY in our backyards.

LOL. Or there's another option: I view my home as my biggest investment and would like to see as large a return as possible.

And as long as everyone's homes increase in value at similar rates, there won't necessarily be a corresponding increase in property taxes (especially with AMD paying into the tax pool as well).

I seriously, seriously doubt we are going to see a decrease in home values.

I am also worried that our property values will go down by having a factory in our backyard. I fear we are too close in proximity to the Tech Park. But I hope I am wrong!!

quote:

Originally posted by Kathie:
I am also worried that our property values will go down by having a factory in our backyard. I fear we are too close in proximity to the Tech Park. But I hope I am wrong!!

I think the word "factory" that you guys keep using is a bit of a misnomer. Once the construction is done, I doubt we are even going to know that it is there (it will certainly be less obtrusive than the speedway). What about this "factory" do you foresee as having a negative effect on our home values? Certainly not the high-paying, highly-specialized, white collar jobs that will come with it.

quote:

Originally posted by hokieian:

quote:

Originally posted by Kathie:
I am also worried that our property values will go down by having a factory in our backyard. I fear we are too close in proximity to the Tech Park. But I hope I am wrong!!

I think the word "factory" that you guys keep using is a bit of a misnomer. Once the construction is done, I doubt we are even going to know that it is there (it will certainly be less obtrusive than the speedway). What about this "factory" do you foresee as having a negative effect on our home values? Certainly not the high-paying, highly-specialized, white collar jobs that will come with it.

Home values will definitely go up! Avg salaries for the chip fab and related companies coming here will range around $70,000. The chip fab is not going to have a smoke stack sticking out of it, you won't even know it's back there.

There will be plenty of workers that would love to live 5 minutes from work and not have to commute along the northway, plus less wear and tear on the car. Outside of the winter here, you're going to have a lot of the employees riding their bikes to work. There are so many advantages for these workers wanting to buy our houses here. Wouldn't you love to go home on lunch and get away from work during the day? I know I would. Well, they'll be able to do that too if they lived in luther forest.

There are also many of the workers making only in the $40,000 range.

Home values might rise slightly but no where what you hope.
I work in a tech park - the surrounding housing is no more expensive than anywhere else.
Most people do not settle a mile from their work.
We're a commuting society.

The whole area will suck up any new people ...there's new housing going up left and right. I don't see local houses jumping up ...a lot of people that currently live in the area will apply for jobs - we're not gonna see a huge influx of new people suddenly scrambling for housing.

How could a manufacturing process that requires thousands of gallons of water a day possibly be as unintrusive as all you cheer leaders like to think? For that matter, how could the comings and goings of a thousand people not have an effect on the neighborhood?

A few hundred thousand gallons of water per day isn't really that much. With local annual precipitation rates, our aquafer wont even feel it.

quote:

Originally posted by merry:
For that matter, how could the comings and goings of a thousand people not have an effect on the neighborhood?

Because they won't be driving through the neighborhood

quote:

Originally posted by UNHOLY:
Home values might rise slightly but no where what you hope.
I work in a tech park - the surrounding housing is no more expensive than anywhere else.
Most people do not settle a mile from their work.
We're a commuting society.

The whole area will suck up any new people ...there's new housing going up left and right. I don't see local houses jumping up ...a lot of people that currently live in the area will apply for jobs - we're not gonna see a huge influx of new people suddenly scrambling for housing.

considering the economy and gas prices, this commuting society is changing.

Orb, I'm not talking about our aquafer. As you certainly know, the water will come out of the Hudson at Moreau and be piped down at no small cost. What I was thinking was that all that water must be needed to wash away something. This suggests that the process isn't as waste free as we've been lead to believe.
Hokieian, many of them will probably come out onto Dunning via our nice new roust-a-bout. And many others will be driving around on Rts 9 and 67. Either way, they mean lots more traffic. Nuts, even on bicycles they'd be more congestion.

quote:

Originally posted by merry:
Orb, I'm not talking about our aquafer. As you certainly know, the water will come out of the Hudson at Moreau and be piped down at no small cost. What I was thinking was that all that water must be needed to wash away something. This suggests that the process isn't as waste free as we've been lead to believe.
Hokieian, many of them will probably come out onto Dunning via our nice new roust-a-bout. And many others will be driving around on Rts 9 and 67. Either way, they mean lots more traffic. Nuts, even on bicycles they'd be more congestion.

No, there will be no glofo workers driving down dunning out of the campus. The road is supposed to be closed to fab workers,who all must use stonebreak road or the main access road off of route 67 to access the park.

And we the Malta taxpayers aren't paying for the water being pumped, so I'm not worried about the cost to pump it. The people paying for the water are those using it; Globalfoundries, the Town of Clifton Park, potentially the Village of Stillwater and the others buying water from the county system......

The water that "washes away" whatever it is that you think it is washing away will be treated at the updated Stillwater wastewater treatment plant and put back into the Hudson, completing the water cycle. It won't just disappear.