Local News

June 5, 2013

Public hearing held on Laurentian bonds



But he didn’t agree that the only way to ensure that would be through a Project Labor Agreement.

“They (Cianbro) have instructions from the company to use local resources whenever they can,” Edwards said. 

Wages alone wouldn’t be the issue in choosing subcontractors, he said. The choices would be made based on factors such as quality, the company’s track record and insurance. 

Edwards said Laurentian is not opposed to the use of union labor.

“Laurentian Aerospace Corporation is not anti-union. We’re agnostic,” he said.


Donoghue said that while he was pleased to hear the commitment to local labor, it is easy for other contractors to under-bid Trade Council members, whose wages are posted on their websites. A Project Labor Agreement ensures a level playing field, he said.

Edwards said he would be happy to set up a meeting between trades officials and Cianbro representatives.


Also at the session, Town of Plattsburgh Deputy Supervisor Martin Mannix said he wanted to make it known on the record that the town remains in favor of the project and of the IDA’s ability to issue bonds.

“This could be a life-changing experience for the people of the North Country,” he said.

Edwards said reauthorizing the County of Clinton Industrial Development Agency to make a bond offering is primarily a procedural matter. 

“The authorization of the bond offering is not an indication that financing is going to move forward,” he said.


On Monday, Edwards said the agreement with the Wall Street bank remains in place.

“We are actively working on the financing,” he said Monday, adding that he doesn’t plan on any announcement until the company has the financing in hand.

IDA Executive Director Erin Hynes again stated there is no obligation to any municipality or taxpayers due to the issuance of the bonds.

The IDA Board of Directors is expected to approve that reauthorization at an upcoming meeting. Any bond offering would also need approval by the Clinton County Legislature.

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