Yikes. The big Laurentian Aerospace project, widely seen as the Next Big Thing for Northeastern New York, has been snagged for years as it seeks to lock down private financing. (New York state has already offered up a generous incentive package.)
The project’s backers hope to use part of the old Plattsburgh Airforce base as a site to refurbish and clean jetliners.
Now the Plattsburgh Press-Republican is reporting that “Laurentian Aerospace Corporation was dissolved for non-payment of franchise taxes in March…”
Company officials tell reporter Dan Heath that the project is still viable and the dissolution was the result of “an oversight.”
“This was a matter that should have been attended to and, unfortunately, was not,” [Laurentian chief financial officer Andrew Edwards] said.
This project has been percolating for six years or so, with several public false starts, so a misstep like this certainly stings. What do you think? Is Laurentian still ready to lift off? Is this one of those projects that will see the light of day once the economy improves a bit more?