Developers have secured tax exemptions totaling $32.5 million for the Park South mixed-use development in Albany, New York. After months of negotiations, the city of Albany's Industrial Development Agency approved the tax breaks during a meeting today. Some aspects of the tax breaks require final approval by Mayor Kathy Sheehan, who was not immediately available for comment. The deal came together after Tri-City Rentals, an Albany-based company behind the project, dropped its request for protections…
