The Westchester IDA has granted preliminary financial incentives for developers to construct a new school bus facility at 3805 Crompond Road, more commonly known as Route 202. The 2.7-acre site is located in Cortlandt and once functioned as a Kia dealership but has sat vacant for five years.
Presidential Associates 3805 LLC, the entity behind the project, requested $362,576 in tax benefits comprised of $117,770 in sales tax exemptions, $52,000 in mortgage recording tax exemptions, and a $192,806 real property tax exemption. The IDA board voted the preliminary approval in July.
“The financial incentives to be provided by the IDA will not only create jobs but will also help retain an important business that supports the transportation needs of our county’s schools,” said Westchester County executive George Latimer. “The company’s commitment to sustainability through bus electrification aligns with our county’s energy policies and goals.”
Street view of former Kia dealership at 3805 Crompond Road (Route 202) – via Google Maps
The building will be occupied by Bird Bus Sales, the leading electric bus dealer in the northeast and a distributor of Blue Bird and Mirco Bird buses. The new location will have 8,000 square feet of sales office space and 8,000 square feet of warehouse space.
The $6.5 million project is estimated to create between 30 and 35 construction jobs, of which 35 percent are expected to be Westchester County hires. The project is also expected to retain eight direct jobs on site, resulting in approximately $301,000 in earnings and $692,000 in economic activity within the county.
Subscribe to YIMBY’s daily e-mail
Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews
Be the first to comment on "Westchester IDA Approves Financial Incentives for School Bus Facility at 3805 Crompond Road in Cortlandt, New York"