Since the first renderings of the proposed Kingstonian project were released in late 2017, many citizens have expressed strong concerns about how the unprecedentedly large mixed-use development would impact the character and integrity of the Stockade Historic District. At over 218,000 gross square feet spread across two buildings containing 143 units of housing, a 32-room hotel, 8,000 square feet of retail space and a new pedestrian plaza, all of which is piled on top of a parking garage, the development will dwarf all other buildings in the small district.
As a public/private partnership, the Kingstonian Project “…involves the redevelopment of the City of Kingston parking garages property, the Herzog’s Supply Co. Inc. warehouse property and the Uptown Grill property (also owned by Herzog’s Supply Co., Inc).” The parcels of land include “City Parking Garage (1.43 acres), Herzog’s Warehouse (0.49 acres), and Uptown Grill (0.49 acres) along with portions of Fair Street Extension and a small pocket park owned by the City of Kingston. The project further includes consolidation of several tax parcels (subdivision-lot line deletions)”
In a letter written by the Ulster County Planning Board, it warned that “it is disquieting that there is little disclosure of the public investment needed to bring the project to fruition.”
The community is aware of at least $6.8 million in taxpayer-funded grants:
* $3.8 million from Governor Cuomo’s Downtown Revitalization Initiative (DRI);
* $2 million has been granted by the Empire State Development Corp;
* A $1 million Restore NY Grant.
Here’s what our community remains in the dark about:
* The value of tax breaks through the Ulster County IDA, which may excuse the developer from paying sales and mortgage taxes, as well as portions of its city, county and school taxes;
* The value of all municipal real estate that will be contributed to the project, including Fair Street Extension, which will be eliminated, and the city parking lot parcel on North Front Street;
* The municipal parking revenue that will be lost once the public lot is sold.
* The cost of any infrastructure upgrades the City will undertake to accommodate the project.
* Any other public grants, tax credits, or subsidies the Kingstonian is seeking.