Plattsburgh City, Town sue each other over Falcon Seaboard money

PLATTSBURGH, N.Y. (WCAX) First, the city of Plattsburgh was suing Plattsburgh Town. Now, the town is suing the city, too.

It all dates back to the payment in lieu of taxes deal with Falcon Seaboard in 1992.

The city says when the deal was changed in 2009, the city lost out on millions. In December, the city hired a law firm to look into the agreement and sued the town for $1.4 million.

Now, the town is filing a countersuit, demanding $1.5 million from the city. The town claims the city and town freely negotiated the 1992 deal but that the city is now changing its tune.

City Mayor Colin Read says it's time to stop suing and settle.

"We need to sit down with some experts and mediate this and that's been my path, I've made a number of requests from that and hopefully both sides will see the benefits of that," said Read, D-Plattsburgh.

Legal experts tell us these lawsuits could take years to settle.