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Gloversville waiting to get control of loan fund from agency

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Mayor Dayton King is chafing at delays getting control of a $2.5 million loan fund the Fulton County Center for Regional Growth and its predecessor have administered for years on behalf of the city. King said local control will help economic development projects take off in Gloversville, thereby expanding the city’s tax base, boosting sales tax revenues and decreasing homeowners’ property taxes. “This will provide more places for people to dine, shop and work,” he ...

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October 3, 2012
4:53 p.m.

[ Flag Post ]

Many, many cheers for Mayor King accomplishing what couldn't be done since the beginnings of FCEDC/CRG in the 1980s. Now, two questions remain. Since FCEDC used the repayment of the loan funds as collateral for just about everything done in the Johstown Industrial Park, when will Gloversville get it's share of the "profits" from the use of it's money? And everybody know the second question. When does the unholy trinity of Bray, Sciocchetti, and Kolodziej repay their ill-gotten gains that also rightfully belong to Gloversville?