Orange County IDA grants incentives for Goshen Plaza rebuild

Architect rendering

GOSHEN – Owners of the Goshen Plaza sought financial incentives from the Orange County Industrial Development Agency as they prepare a $27 million rebuild of the mall in Goshen.

The IDA board granted the incentives on Thursday, but not exactly as they wanted them.

The developers wanted a full 10-year payment in lieu of taxes (PILOT) agreement, but were instead granted a four-year PILOT, said IDA Chief Operating Officer Laurie Villasuso.

“That four-year PILOT is a new PILOT we adopted recently for projects like hotels and retail projects that don’t necessarily necessitate the full 10-year PILOT,” she said.

Goshen Plaza Associates was also granted mortgage filing fee and sales tax exemptions.

The redeveloped mall will be constructed on a 14-acre parcel and is estimated to create 239 jobs when fully leased.

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