POUGHKEEPSIE – Now that the Dutchess County Industrial Development Agency has granted final approval for financial incentives, two major projects will be moving forward.
Phase 1 of the T-Rex Hyde Park project in the Town of Hyde Park was granted a property tax PILOT, mortgage tax filing exemption and sales tax exemption for a $30 million project across Route 9 from the Culinary Institute of America. The first phase of the project will include construction of a hotel and site infrastructure. When completed, the project will include a second hotel, conference center and retail stores.
The IDA Board also approved financial incentives for 165 Overlook, LLC in the Town of LaGrange. The company plans to build a 91-unit commercial residential project on the former Lewis Farms property. That project received IDA approval for a PILOT, mortgage filing fee exemption and sales tax exemption.
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