Hyde Park receives sizeable financial boost for Route 9 development


Planning Board Chairman Michael Dupree signs site plan for new hotel

HYDE PARK – A proposed sewer system project in the Town of Hyde
Park’s central business district along Route 9 has received a $1 million

Tom Mulroy, CEO of T-Rex Capital Group presented the sizable contribution
to Hyde Park Town Supervisor Aileen Rohr to satisfy the agreement between
the town and the developer of “Bellefield at Historic Hyde Park”
for sewer mitigation.

The Bellefield project will see two hotels along with a mix of residential
and commercial spaces.

In addition to the presentation of the check, Hyde Park Planning Board
Chairman Michael Dupree signed off on the site plan for the 138-room hotel
so that a building permit can be issued and the construction can begin.

Dupree said that the development will create a “gateway” to
the town as visitors come north on Route 9. Mulroy said that the first
hotel should be completed in the first quarter of 2020 now that the rains,
which slowed the project for two months, have subsided.

Town Supervisor Rohr said that the funding from T-Rex Capital will bring
the total funds on hand for the sewer project to $5.3 million. The total
estimated cost for installing sewer lines and a plant between the FDR
Presidential Library and the Vanderbilt Mansion is approximately $18 million.

Rohr is working to create a sewer district in that area. Property owners
in the district would be responsible for financing the remaining $13 million
to complete the project that will take approximately three years from
now to complete.

Rohr called it a “viable plan” that has been in discussion for
several years. The supervisor noted that the $13 million will not be financed
by all taxpayers in the town but rather just those parcels in the sewer
district. Rohr hopes to have a referendum vote on the project as early
as July of 2019.


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