ESOPUS, N.Y. â Town Board members are evaluating the impact that Kingstonian tax breaks could have on Esopus property owners and expect to vote on taking a position on a payment-in-lieu-of-taxes agreement and sales tax waiver request by developers.
The debate is scheduled to be on the boardâs 7 p.m. Jan. 5 agenda, with the board split on the value that $26.15 million in tax breaks for the $54.89 million Kingstonian mixed-use retail and residential project.
âI donât know how you could make an argument of public benefit to a project thatâs going to be providing . housing (with) $2,000 rents each month,â board member Chris Farrell said. âSo thatâs clearly not low income.â