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The Troy Industrial Development Authority approved an additional $100,000 in sales and use tax exemptions for the 504 Broadway Holdings, LLC project, raising the authorized exemption amount to as much as $480,000.
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The project is already underway and requested the increase because construction costs have risen. The resolution does not extend the project timeline, and the meeting materials state that no additional public hearing or environmental review is required. The Authority also reviewed January activity, which showed a $5,239 deficit.
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