Our View: City made the correct decision in NMC purchase
Recognizing that there is a possible downside to any transaction, we think the city of Hudson made the correct decision in purchasing the Nuclear Management Co. property for $2.5 million - without any increase in taxes.
What could be the downside you ask? It removes a substantial tax-paying property from the local tax rolls. In some past years that amount was over $60,000, although that amount has dropped considerably in recent years as the building sat vacant.