Notably, big cities New York (71.7%), Boston (72%), and Chicago (72.6%) joined the top 10 metros with the highest out-of-market search rates.
The cost of acquiring the vacant 12.43-acre site is $3.9 million. According to its application with the IDA, building and construction is estimated to cost $17,864,850 and equipment costs have been put at $13,136,536.
Bally’s Bronx, as proposed to the New York State Gaming Commission late last month, was to stand approximately 250 feet tall and include a 500,000-square-foot Gaming Facility structure and span more than 3 million square feet.
Under county ownership, the center will be revitalized and developed into a regional destination for live performances, educational programming, and community events.
GOSHEN—The Orange County Legislature voted 21-0 on July 1 to approve the county’s purchase of the Sugar Loaf Performing Arts Center, advancing County Executive Steve Neuhaus’s proposal to preserve and enhance the long-standing cultural asset.
The vote follows the Town of Chester’s earlier approval of the plan. Located in the Hamlet of Sugar Loaf in the Town of Chester, the Performing Arts Center has hosted concerts, theater productions, film screenings, and public gatherings for years. The facility sits on 8.77 acres and includes a nearly 20,000-square-foot building with a 689-seat main stage, a 260-seat outdoor pavilion, and on-site parking. The County Legislature voted to purchase the property for approximately $1.35 million.
“This is a win for our residents,” said Mr. Neuhaus. “I want to thank the Legislature for their support and the Town of Chester for partnering with us. The Sugar Loaf Performing Arts Center is a cherished part of our community, and now we’re ensuring it remains a vibrant and accessible space for years to come.”
Town of Chester Supervisor Brandon Holdridge said he is looking forward to reviewing a formal proposal.
Under county ownership, the center will be revitalized and developed into a regional destination for live performances, educational programming, and community events. The venue will also provide new opportunities for collaboration with schools and local organizations. No cost figures were released on the revitalization program.
Support for the county’s purchase of the Sugar Loaf Performing Arts Center from the Town of Chester came from leaders in the county’s business, education, tourism and building trades sectors.
Heather Bell, president and CEO of the Orange County Chamber of Commerce, stated, “Investing in the SLPAC is an opportunity to preserve and enhance one of the county’s most iconic venues, while expanding access to arts, education and entertainment for residents and visitors alike.”
“This project represents a unique and impactful investment in both our local economy and cultural infrastructure,” said Todd Diorio, president of the Hudson Valley Building and Construction Trades Council. “By purchasing and revitalizing this historic venue, the county has the opportunity to create good-paying union construction jobs, promote long-term economic development, and reinvigorate community engagement through the arts.”
Notably, big cities New York (71.7%), Boston (72%), and Chicago (72.6%) joined the top 10 metros with the highest out-of-market search rates.
The cost of acquiring the vacant 12.43-acre site is $3.9 million. According to its application with the IDA, building and construction is estimated to cost $17,864,850 and equipment costs have been put at $13,136,536.
Bally’s Bronx, as proposed to the New York State Gaming Commission late last month, was to stand approximately 250 feet tall and include a 500,000-square-foot Gaming Facility structure and span more than 3 million square feet.
The Dashboard also includes forward-looking analysis on how many households could qualify to buy a median-priced home if mortgage rates fall to 6%.
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