ALBANY, N.Y. (AP) — A state audit has found that the New York Power Authority leased public land to two golf courses, a private yacht club and a private university and often didn’t collect any rent.
The report from Comptroller Thomas DiNapoli found the authority collects only a few thousand dollars of rent each year for the four properties — when guidelines suggest the annual payments should exceed $200,000. The authority operates hydroelectric and gas-fired plants and owns nearly 50,000 acres of land.
In one example, a St. Lawrence County country club rents land assessed at $1.8 million for $2,000 a year.
The authority also leases land to a second golf course for $200 but hasn’t collected rent since the 1990s.
The St. Lawrence Yacht Club hasn’t paid rent since 2010 for land it leases.