HALFMOON — Halfmoon is hoping to bring more industrial development, as well as companies that specialize in clean energy and manufacturing, to a 400–acre parcel located in the northeast corner of town.
The land, known as the Area 3 Halfmoon Industrial Complex, is located along routes 4 and 32 and is bordered by the Hudson River. It was the subject of a recently completed three-year study meant to gauge the development feasibility of the area.
The study divided the land into two sections — north and south. Eight parcels are privately owned, and another is owned by the New York State Canal Corporation. The north segment contains about 345 acres. The south segment contains 54 acres. The land is zoned as industrial, commercial and agricultural-residential in various sections. Areas that can be developed, according to the study, range from three acres to 50 acres.
Area 3 also has easy access to major transportation options, including a mile of the Canadian Pacific Railway that cuts through a portion of the site.
Much of the acreage was initially used as farmland. If developed, about 87 acres on the western side of the land off Upper Newtown Road would remain open space.
According to the study, the largest limitation to development on the land will be the presence of state and federal wetlands. However, it also noted that there are areas large enough on the site to house an industrial project. The study also pointed out that renewable energy-related projects could be possible on the site where other forms of development might not be.
In the near future, the town will be examining the zoning of the site to ensure that the desired projects, such as clean energy companies, will be able to succeed there. The zoning review will involve public input, and the town will be working with the Saratoga County Prosperity Partnership to market the properties on the site. Some parcels on the site could sell starting at $25,000 per acre.
Halfmoon Supervisor Kevin Tollisen said that the goal of developing the land is to bring in more industrial development, new jobs and new businesses not just to Halfmoon, but also to the neighboring Mechanicville.
If Area 3 were to be industrially developed, it would not be unique in the area. Global Foundries is located 12 miles away in the town of Malta and Momentive Performance Materials is 3 miles away.
Tollisen reiterated that town is particularly interested in bringing in clean-energy companies. According to Tollisen, the site has already generated much interest, though he declined to provide details on specific future tenants. He called Area 3 “potentially a game changer,” for Halfmoon.
“There is tremendous opportunity there,” he said.
The Saratoga County Prosperity Partnership and The Chamber of Southern Saratoga County, as well as landowners of various sections of the land, commissioned the study, which had a total cost of $17,400.
National Grid, which provides electric service in Area 3, funded half of the study. Property owners along with the town of Halfmoon funded the other half. Those parties were reimbursed a total of $8,700 for their contributions.