Daycare Center
Daycare Center
Bank Branch
Bank Branch
  • Assessed land value will grow from about $2.8 million to $40.2 million ($29.2 million in residential and $11 million in nonresidential).
  • Currently, annual property taxes are only $130,000 (including $77,000 for the Arlington Central School District).
  • New PILOT agreement is projected to generate $35,000,000 of revenue during its term, including:
    • $20,000,000 – Arlington Central School District
    • $6,100,000 – Town of Poughkeepsie
    • $5,650,000 – Arlington Fire District
    • $2,450,000 – Dutchess County
  • After expiration of PILOT, annual property tax estimate of over $2,000,000 (present value), including:
    • $1,200,000 – Arlington Central School District
    • $385,000 – Town of Poughkeepsie
    • $250,000 – Arlington Fire District
    • $140,000 – Dutchess County
  • The project will also generate sales taxes that are distributed to New York State, Dutchess County and the MTA.
  • An estimated 299 direct full-time jobs will be created, including retail, service and office-related businesses.
  • An estimated 318 direct temporary construction jobs will be generated.
  • Additional indirect and induced employment will be generated as well.
Townhouses
Townhouse Residences