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Tax breaks for Huntington Building owners? It’s possible if IDA moves forward this spring

The new owner of the Huntington Building in Seneca Falls is looking for help.

The structure, which had been saved from becoming the site of a convenience store, is now at the center of an application, which would allocate tax breaks and exemptions to Home Leasing Inc.

The Rochester-based company announced in December that it had reached an agreement with Peter Koch to purchase. The property will be converted to 55 housing units.

The IDA voted 8-0 March 26th to accept the application and schedule a public hearing once the town completes the State Environmental Quality Review process and the IDA does a cost-benefit analysis, according to the Finger Lakes Times.

A final vote on an incentive package could take place later this spring.

Adam Driscoll of Home Leasing addressed the IDA during a live-streamed meeting.

“We take pride in being a good neighbor in communities where we build,” Driscoll said. “We have our own construction team. We oversee all our projects and will form a project management team. We are excited about this project. We plan to designate 25 of the 55 units for veterans. We will plan neighborhood meetings to explain our plans. The units will be handicapped-accessible and open to the public. We see it as a great space and expect to have five full-time and two part-time employees in the building.”