NEWBURGH – The Mayor’s Strategic Economic Development Advisory Committee is currently reviewing responses to two (Request for Purchases) RFPs for the development of city-owned properties located on South Colden and Montgomery Streets in Newburgh.
The committee has also identified several development areas across the city that will allow for parcels to be placed onto the tax rolls.
The committee was pleased with the responses received, all of which propose new construction related to residential or mixed-use concepts that will add stability to the neighborhoods in which they are located. Those projects will also begin the process of redeveloping the city’s hillside. The committee hopes to have a recommendation before the city council before the end of the year.
The advisory group is also working towards a framework that will target 12 development areas on the East End to both reconnect the city with the Hudson River and add up to $10 million in annual revenue back on the tax rolls.
That framework will be informed by the city’s ongoing Housing Needs Assessment and Open Space Plan but will rely on that $10 million target as the ultimate goal.
The advisory committee was formed this past summer in an effort to contribute to economic development activities throughout Newburgh.
The group of 10 residents and business owners analyze, review, and advise the city council on proposals for future city-owned land development sales consistent with the city’s current Master Plan and Zoning Code.
