Troy IDA Approves Major 10-Year PILOT Extension for First Columbia | City of Troy | FIRST COLUMBIA 433 RIVER STREET LLC

Scope & details

The full contract record, as filed.

Contract amount

$3,123,348.03 (total estimated financial assistance); $240,000 (sales tax exemption cap); see PILOT payment table for yearly breakdown

Contract type

OTHER

Contract term

10-year extension of PILOT Agreement (2030–2039), with sales tax benefits expiring December 31, 2027 unless extended

Renewal date

2039-12-31

Renewal

This action extends the PILOT for an additional 10 years (to 2039) and amends prior agreements dating to 2019. Sales tax exemption agent authority expires December 31, 2027 unless explicitly extended by application.

Document type

Minutes

Source document

Troy Industrial Development Authority Regular Board Meeting Minutes January 2026

Related contracts

Other contracts from First Columbia 433 River Street Llc.

View all →

Troy Industrial Development Authority AgendaPacket Regular Board Meeting 2026-08-28

APPROVED

City of Troy, New YorkAug 28, 2026

Troy Industrial Development Authority AgendaPacket Regular Board Meeting 2026-08-28

APPROVED

City of Troy, New YorkAug 28, 2026

Troy Industrial Development Authority Board Meeting Agenda March 2026

AMENDED

City of Troy, New YorkUp to $3,000,000 in taxable purchases, with sales and use tax exemption benefits not to exceed $240,000; PILOT valued at combined total savings of $2,883,348.03; total estimated financial assistance $3,123,348.03Mar 20, 2026

Troy Industrial Development Authority Board Meeting Minutes February 2026

AMENDED

City of Troy, New YorkSales and Use Tax Exemption up to $240,000; estimated total financial assistance $3,123,348.03 (including PILOT savings and sales tax exemptions)Feb 20, 2026

Troy Industrial Development Authority Board Meeting Agenda January 2026

APPROVED

City of Troy, New YorkTotal Estimated Financial Assistance $3,123,348.03 (including Sales Tax Savings: $240,000.00, PILOT real property tax savings: $2,883,348.03)Jan 16, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Troy?

First Columbia 433 River Street Llc was awarded this government contract by City of Troy, as recorded on January 16, 2026. The contract value is $3,123,348.03 (total estimated financial assistance); $240,000 (sales tax exemption cap); see PILOT payment table for yearly breakdown.

How much is the First Columbia 433 River Street Llc contract with City of Troy worth?

The First Columbia 433 River Street Llc contract with City of Troy is valued at $3,123,348.03 (total estimated financial assistance); $240,000 (sales tax exemption cap); see PILOT payment table for yearly breakdown.

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Troy Industrial Development Authority Regular Board Meeting Minutes January 2026 (Minutes), dated January 16, 2026 from City of Troy. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Columbia 433 River Street Llc hold?

First Columbia 433 River Street Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View First Columbia 433 River Street Llc's profile

What is City of Troy currently buying?

Explore City of Troy's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Troy's profile