Find answers to frequently asked questions about the Bolton LDC.
Does the Bolton Local Development Corporation (BLDC) own any projects or facilities other than the Norowal Marina?
No, at the present time, Norowal Marina is the only project or facility owned by the BLDC.
Has the BLDC developed, over its history, any project or facilities other than Norowal?
Could the BLDC become involved in other projects?
Yes, as long as a project is within the scope of the BLDC’s mandate, the BLDC could become involved.
Can the BLDC become involved in projects outside the Town of Bolton?
No, the BLDC can only involve itself w/ projects that will directly benefit the Town of Bolton.
Is the BLDC an Authority under NYS law?
Yes, the BLDC is a Local Authority under NYS law.
Is the BLDC under the jurisdiction or control of the Bolton Town Board?
No, as a Local Authority, the BLDC is not a branch or department of the Town of Bolton municipal government.
Does the BLDC have a budget?
Yes, the BLDC has an Annual Budget with a Fiscal Year that runs from 1/1 thru 12/31 of each year.
Does the BLDC receive operating revenues from the Town of Bolton General Fund?
No. However, the Town is not precluded from this option.
Is the BLDC a for-profit corporation?
The BLDC is a not-for-profit corporation created and existing by virtue of the not-for-profit corporation law of the State of New York.
How is the BLDC funded?
The BLDC is funded from revenues generated by the Norowal Marina, a for-profit corporation.
Does the BLDC have staff?
No. At the present time, all professional services required by the BLDC are provided by qualified contractors.