The planned-unit development, approved almost 10 years ago, allowed for the construction of nine apartment buildings, a mixed-use building, and a clubhouse with swimming pool. Only two of the apartment buildings have been built thus far.
“This is the first time since the implementation of the tax cap there has been uncertainty about what we expect for state aid in the budget,” said Andrew Van Alstyne, Guilderland’s assistant superintendent for business.
The director of the Guilderland Chamber of Commerce and the chief executive officer of the Guilderland Industrial Development Agency both argued against the moratorium along with a business owner and a resident.
