Stephanie GiangJul 11, 2018, 12:29 pmJul 11, 2018, 12:34 pm

Newburgh considers $70M development project

Project manager: Development would create nearly 300 full time jobs, hire locals

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NEWBURGH – The City of Newburgh is considering a plan to build a $70,000,000 development project, which would be the city's largest development in decades. The plan for the river facing lot calls for dozens of apartments, affordable housing units as well as commercial space, according to Alembic Community Development Company.

Project Manager Karuna Mehta presented the multi-million dollar plan before the city council on July 5.

"An innovative community use for the building something that'll help the residents of Newburgh but also something that will attract attention to the Hudson Valley," Mehta said.

The plan also calls for the restoration of the Endangered Dutch Reformed Church and the rehabilitation of the former city club property, both of which neighbor the proposed development.

The design firm UAI Ives described the goals of the development plan for the city of Newburgh.

"We want to extend the feel of the existent neighborhood while starting a bridge to the waterfront. We wanted to create a lively feel that works within the constraints with the slope site," an Uai Ives Representative said.

At a meeting Monday night city officials announced an agreement where the developers would avoid paying taxes for 30 years and instead make a set payment to the city yearly, starting at $300,0000 in year one and ending at more than half a million dollars in year 30.

That announcement has some concerned that the city would end up spending more each year on services for the new residents, especially those requiring supportive housing.

"I think they have to research more the impact on the local community here. We need to take care of our people here first before we do big development. We need to clean up the area," Newburgh resident Mary Anna Rhoda said.

The project manager said the development would create nearly 300 full-time construction jobs and at least 60 permanent jobs. The project manager also they would hire locals to do the work.

A decision has not yet been made on whether the city will move forward with the project.

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