Downtown Mixed-Use Building Redevelopment & Pilot
Chemung County
Summary
Walgreens representatives asked the IDA for a 10-year tax agreement to keep the 402 North Main Street store open. The company cites steep losses driven by pharmacy benefit managers reimbursing far below operating costs.
At a glance
- Total mentions
- 3
- Last 30 days
- 1
Discussed at 2 meetings in the last 60 days; most recently Oct 15, 2026.
Impact analysis
Contemplates a 10-year uniform tax exemption policy (UTEP) PILOT for the downtown location.
Downtown Elmira residents and patients who rely on the pharmacy for essential medications without traveling further.
Local taxing jurisdictions face a temporary reduction in property tax revenue under the proposed PILOT.
Mentions & discussions (3)
Chemung County IDA/CRC - Oct 15, 2026
Two major downtown projects totaling over $7.5 million are bringing new apartments and commercial spaces to Elmira, helping boost retail and entertainment activity.
Chemung County IDA/CRC - Sep 17, 2026
Developers presented a plan to turn a building that has been mostly vacant for 15 years into 24 apartments and ground-floor commercial space. They are seeking mortgage recording tax and sales tax exemptions, plus a tax PILOT agreement, to help finance the historic preservation project.
Chemung County IDA/CRC - Feb 12, 2026
Walgreens representatives asked the IDA for a 10-year tax agreement to keep the 402 North Main Street store open. The company cites steep losses driven by pharmacy benefit managers reimbursing far below operating costs.
Related development
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