Poughkeepsie IDA approves incentives for Rip Van Winkle redevelopment; board member recuses
The Poughkeepsie Industrial Development Agency on April 9 approved an authorizing resolution to offer tax and mortgage incentives for the Rip Van Winkle redevelopment, while a board member recused himself. Developers and agency staff described tenant protections, relocation plans and a nearly $90 million rehabilitation scope.
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The Poughkeepsie Industrial Development Agency voted April 9 to authorize financial incentives for the Rip Van Winkle redevelopment, including a PILOT (payment-in-lieu-of-taxes) arrangement and sales and mortgage tax relief; Board member Matt Diggins recused himself from the vote citing a conflict of interest.
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