The Stillwater Town Board has approved a rezoning that will allow GlobalFoundries to pursue plans for a second computer chip plant at its Fab 8 site, potentially creating another 2,000 jobs.
The zoning changes, approved last month by the Malta Town Board, would allow GlobalFoundries to build the plant it is calling Fab 8.2 that would be even larger than the first plant, and potentially cost $15 billion. The plant would be located on the line between the two towns, so both had to approve the zoning changes.
Both approved the zoning changes unanimously.
In return, the company is agreeing to provide Stillwater with $3 million toward the expected purchase of Brown's Beach, the historic but currently unused beach at the south end of the Saratoga Lake. The company will also be paying up to $7 million toward traffic improvements in Malta.
GlobalFoundries officials have said there is no final decision yet to build the plant, but getting the municipal approvals was a major hurdle. The company first applied for the zoning changes in late January.
Among the changes approved by the two boards was one allowing the manufacturing "clean room" inside the new plant to total up to 525,000 square feet. The clean room in the first plant is 300,000 square feet.
The company's Fab 8.1 plant opened last year and has 2,100 employees. A technology development center now under construction will mean another 1,000 employees by late next year.
If Fab 8.2 is built, it isn't expected to be in operation before 2020.