- Today
- Holidays
- Birthdays
- Reminders
- Cities
- Atlanta
- Austin
- Baltimore
- Berwyn
- Beverly Hills
- Birmingham
- Boston
- Brooklyn
- Buffalo
- Charlotte
- Chicago
- Cincinnati
- Cleveland
- Columbus
- Dallas
- Denver
- Detroit
- Fort Worth
- Houston
- Indianapolis
- Knoxville
- Las Vegas
- Los Angeles
- Louisville
- Madison
- Memphis
- Miami
- Milwaukee
- Minneapolis
- Nashville
- New Orleans
- New York
- Omaha
- Orlando
- Philadelphia
- Phoenix
- Pittsburgh
- Portland
- Raleigh
- Richmond
- Rutherford
- Sacramento
- Salt Lake City
- San Antonio
- San Diego
- San Francisco
- San Jose
- Seattle
- Tampa
- Tucson
- Washington
Broome IDA Demands $1.2M From Binghamton Student Housing Complex Owners
The agency is seeking overdue payments and penalties from the owners of The Printing House apartments.
Published on Feb. 24, 2026
Got story updates? Submit your updates here. ›
The Broome County Industrial Development Agency is demanding over $1.2 million in overdue payments and penalties from the owners of a downtown Binghamton student housing complex called The Printing House. The agency has notified the property manager that if the money is not paid by February 10, it will terminate a 2016 payment-in-lieu-of-taxes (PILOT) agreement with the owners.
Why it matters
This case highlights the importance of economic development incentive programs maintaining strong compliance standards to protect the credibility of such programs and ensure companies fulfill their commitments. The Printing House project received tax breaks under the PILOT agreement, and the IDA is now taking action to recoup the delinquent payments.
The details
According to the IDA, the owners of The Printing House, a 12-story complex with capacity for nearly 300 students, have failed to make required payments under the 2016 PILOT agreement. A Rochester-area law firm has notified the property manager that the amount now due, including interest and late fees, is $1,233,380. The IDA says previous attempts to reach the owners have "gone unanswered."
- The Printing House apartments opened in August 2016.
- The IDA issued the demand for payment in late January 2026.
- The IDA set a February 10, 2026 deadline for the owners to pay the $1.2 million or face termination of the PILOT agreement.
The players
Broome County Industrial Development Agency
The agency that provided tax incentives to the owners of The Printing House apartments and is now seeking to recoup delinquent payments.
19 Chenango Empire LLC
The entity that owns The Printing House apartments in downtown Binghamton.
What they’re saying
“Our incentive programs are built on partnership and mutual accountability. Companies receive benefits with the clear understanding that they will fulfill their commitments. Maintaining strong compliance standards protects the credibility of our programs and reinforces that economic development incentives come with real responsibilities. We are working through the necessary steps for compliance.”
— Stacey Duncan, IDA Executive Director
What’s next
The IDA has set a February 10, 2026 deadline for the owners of The Printing House to pay the $1.2 million in overdue payments and penalties, or face termination of the PILOT agreement.
The takeaway
This case underscores the importance of companies that receive economic development incentives upholding their end of the bargain. The IDA's actions to recoup the delinquent payments from The Printing House owners aim to protect the integrity of such incentive programs and ensure they benefit the community as intended.
