A deal has been struck with Noble Environmental Power. Noble gets to build 54 clean energy producing wind turbines and Ellenburg gets:
$243,000 annually for 15 yrs for agreeing to be a host community for wind turbines.
$54,000 one time bonus for allowing special projects.
And Ellenburg gets to split with Clinton County, the Town of Ellenburg and the Northern Adirondack Central School;
$486,000 annually for the next 15 years. 54% to the school!
"The benefit to the town, when you add it all up, is about $462,240 every year," he said.More here.
"We intend on taking some of that money and putting it toward taxes. The Town of Ellenburg will see a drastic reduction in their taxes."
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