NY board OKs $485M for SolarCity amid federal questions

ALBANY, N.Y. (AP) — A New York oversight board has authorized spending $485 million to complete a solar panel production plant in Buffalo.

The Public Authority Control Board’s vote Wednesday came amid questions about the future of the solar industry, a lack of details about how the money will be spent and uncertainty about benefits for the state.

The $750 million plant for solar panel installer SolarCity is being built with public funds. The million-square-foot building is nearing completion and the money approved by the board is believed to be the balance of the state’s commitment to fit it out with equipment.

But Fort Schuyler Management Corp., a not-for-profit arm of the State University of New York overseeing the project, has not responded to inquiries from The Associated Press about specifics about how the money will be spent

Assembly Republican Minority Leader Brian Kolb, who appoints one of the five members of the Public Authorities Control Board, said in a letter to legislative leaders Tuesday that there are too many unanswered questions about job creation and other public benefits of the factory the state is building for SolarCity.

SolarCity has committed to investing $5 billion over 10 years, hiring almost 1,500 workers at the plant for five years and employing at least 2,000 more people across the state in exchange for use of the state-owned plant.


WIVB.com provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review. Note: Comments containing links are not allowed.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s