IDA, river towns near deal for $16m, cheap power

An agreement is imminent between four St. Lawrence River towns and the St. Lawrence County Industrial Development Agency to mete out $16 million and 20 megawatts of low-cost power from the New York Power Authority to spur economic development.

"It's been a long process, and it looks like the end is near," said Larry R. Legault, Louisville supervisor. "We want to move forward with this."

The St. Lawrence Local Government Task Force, representing the towns of Lisbon, Waddington, Louisville and Massena, could approve an agreement with the IDA at a meeting Thursday in Louisville, said task force Chairman Robert O. McNeil.

The task force last year proposed creating the St. Lawrence River Valley Redevelopment Agency to decide how the money and power should be used. The agency will be governed by a five-member board representing the towns and county, and Massena Electric Department will manage the agency's daily operations.

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