FRANKLYWNOW - Negotiations Between Binghamton, Woodburn Court Owner Continue

Negotiations Between Binghamton, Woodburn Court Owner Continue

The owner of Woodburn Court apartments met with Binghamton city officials Tuesday as the two sides try to come to a long-term agreement on the subsidized-housing building.

Pat Luke and his BLVD Development company has sent a letter to the residents of the building, many of whom are elderly, that without an extension of a PILOT - or Payment in Lieu of Taxes - agreement with the city, the building may no longer be home to subsidized housing.

The 40-year pilot agreement ends in 2017. Luke wants a renewal of the current agreement. The city has said it is open to a shorter agreement, if BLVD makes capitol improvements. The city declined to offer any details on how negotiations went Tuesday.
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