Friday
November 21, 2008

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New shopping center begins construction


Wilder addresses the crowd


Plot exits to Route 300 on left, and abuts I-84 at bottom

NEWBURGH – The controversial Marketplace at Newburgh broke ground Thursday afternoon, with officials noting the economic prosperity it will bring Orange County, given sales and real estate revenues, as well as more construction and retail jobs.

Public officials, business leaders, and parties involved in bringing the $150 million project to fruition, gathered at the site on Route 300 across from the Newburgh Mall with developer Wilder Balter Partners to launch construction efforts that are slated to bring more than a thousand full-time construction jobs to the county.

“I think today having economic stimulus for the county is what we need,” Wilder Balter principal Robert Wilder, Jr., told the dozens who weathered the bitter cold to celebrate the occasion.  “This is going to create over $150 million in development; about $100 million in construction.  We’re going to have about 1,500 to 1,600 full time jobs.  All in all, it’s going to be a great economic boost for the county and there couldn’t be a better time for it.”

The project is also expected to generate about $35 million to $40 million per year in sales tax, and $2.8 million in real estate revenues, a portion of which is distributed back to the county and its municipalities.

The 650,000 square-foot facility has already attracted Costco Wholesalers and Best Buy, as well as “at least one bank and one other industry giant to be named later,” according to Wilder.

Shortly after Wilder Balter presented their environmental impact statement to the Town of Newburgh Planning Board in 2005, open space advocates attempted to block the project, but an Orange County Supreme Court judge denied them access to the site, and said a proper environmental assessment had been completed by the developer.  A state Supreme Court ruling this past March upheld the local court decision.

State Senator William Larkin said that despite the controversy, and the red tape Wilder Balter had to go through from within state agencies, their resilience showed him they were serious about making a difference in Newburgh.

Ann Marie Maglione, representing County Executive Edward Diana, agreed with the senator. “Today is just proof that despite the economic challenges facing us, Orange County and the Hudson Valley continue to attract business and industry.  This is the best place to live, work, and raise your family, and this is just another example of it.”

 


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