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GlobalFoundries announced today it has officially purchased 223 acres at Luther Forest Technology Campus, and work is scheduled to begin on the site Monday. Here’s a timeline on how the project got to this point. 1999 North Greenbush community rejects plans to build computer chip plant, prompting Saratoga Economic Development officials to begin negotiations to bring the project to Saratoga County 2002 Saratoga Economic Development Corp. files zoning application for chip plant 2004 Towns of Malta and Stillwater approve zoning application for computer chip manufacturing plant 2006 Advanced Micro Devices of Sunnyvale, Calif. announces plan to build .2 billion chip plant in Malta. New York State approves .2 billion incentive package December 200 US Army Corps of Engineers grants permits authorizing Luther Forest Tech Campus to build roads and install sewer lines at 1350-acre campus February 2008 AMD files construction plans to build in Malta April 2008 Construction bids awarded for million, 5.5 miles of interior roads in the Luther Forest Technology Campus. Rifenburg Construction of Brunswick in Rensselaer County wins contract October 2008 AMD commits to building an 890000-square-foot chip plant at the Luther Forest Technology Campus which straddles Malta and Stillwater in Saratoga County. Construction cost increased to at least .2 billion from .2 billion December 2008 Moodys Investors Service downgrades AMD corporate rating, giving the company a negative outlook …
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