Friday, 06 September 2013 11:56

GlobalFoundries Overcomes Last Hurdle for Fab 8.2

By STAFF REPORT | News

 

STILLWATER – GlobalFoundries overcame its last obstacle to building a second fab campus on September 5 when the Stillwater Town Board approved zoning changes that would allow the chip manufacturer to build Fab 8.2.

Last month, Malta’s town board approved similar changes to allow for the expansion of the company after six months of negotiations.

While GlobalFoundries has not committed to moving forward on the proposed $14.7 billion project, the changes to the planned development district allow for taller and larger buildings with an additional 175,000 square feet of clean room space. Malta town leaders approved a similar measure last month.

If built, the second chip plant is expected to add 3,700 additional jobs at the company, which already employs more than 2,100 people locally.

 

Under the agreement approved Thursday, GlobalFoundries will pay Stillwater $3 million toward the purchase of the closed Brown's Beach, which officials hope to reopen to the public after it was privatized in 2006.

Read 4693 times
More in this category: « Free College, Anyone? Bridal Expo »

Blotter

  • New York State Police The New York State Police announced that it issued 5,576 tickets during this year’s St. Patrick’s Day enforcement initiative. The campaign began on Friday, March 15, and continued until Sunday, March 17. During the campaign, funded by the Governor’s Traffic Safety Committee, State Police utilized sobriety checkpoints, additional DWI patrols, and underage drinking and sales to minors detail. State Police also ticketed distracted drivers who use handheld electronic devices. State Troopers arrested 132 people for DWI and investigated 199 crashes, which resulted in 25 people being injured and no fatalities. As part of the enforcement, Troopers also…

Property Transactions

  • BALLSTON Heather DiCaprio sold property at 473 Garrett Rd to Justine Levine for $288,000 Sharon Willman sold property at 99 Jenkins Rd to Charles Lemley for $165,000 CORINTH George Montena sold property at 422 Oak St to Stephen James for $142,250 Mark Makler sold property at 313 Oak St to Sabrina Sinagra for $195,000 GREENFIELD Landlord Services of Upstate New York sold property at 1935 NYS Rt 9N to Cochise Properties LLC for $210,000 MALTA  Linda LaBarge sold property at 35 Snowberry Rd to Qu Haozheng for $270,000 Dennis Mitchell sold property at 60 Village Circle North to BGRS Relocation…
  • NYPA
  • Saratoga County Chamber
  • BBB Accredited Business
  • Discover Saratoga
  • Saratoga Springs Downtown Business Association