The Pittsfield City Council could vote Tuesday on financial incentives to keep a steam-generating trash-incinerator open for business.
Mayor Linda Tyer wants the city to spend more than $500,000 to improve the plant and keep it open. If its owner, Convanta, shuts down the incinerator, it would cost the city almost $1 million a year in lost revenue and increased municipal garbage costs.
During a City Council committee meeting last week, Covanta’s Ken Ryan said the company has no intention of just leaving town after the four-year contract is up.
“Our goal is to stay here for the long term,” Ryan said.
If Covanta were to leave within four years, the company would have to pay some of the money back to the city. Mayor Tyer said this is similar to financial deals with other businesses.
“Every time we make an investment like this, there are no guarantees,” Tyer said. “There is a level of risk, no doubt.”
The state already approved a separate tax credit for the facility, as another incentive for it to stay open.