Plans move ahead to convert old college building into senior housing

POTSDAM, New York (WWNY) - Plans are moving ahead to turn a former college building in Potsdam into senior housing.

A Missouri-based developer wants to convert Congdon Hall on Main Street into 53 apartments.

The building is currently owned by Clarkson University.

Village leaders say the developer would invest nearly $28 million into the vacant building.

Lawmakers approved a 33-year PILOT agreement.

Instead of paying taxes, the developer would pay $10,000 in year one, gradually increasing to $71,000 in year 33.

Final approval from town lawmakers and the Potsdam school board is still needed.