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TOWN NEWS

Posted on: December 10, 2018

Hyde Park receives $1,000,000 contribution to Route 9 Sewer District from Bellefield

Check Presentation

On Friday, December 7, 2018, Tom Mulroy (far right), as Chief Executive Officer of T-Rex Capital Group, presented a check for $1 million to Town Supervisor Aileen Rohr (far left) as part of Bellefield at Historic Hyde Park’s contribution of $1.25 million toward the creation of a sewer system for the traditional commercial center in Hyde Park. The payment, part of the agreed-upon mitigation for the impact of the development on the town center, was due upon the signing of the site plan for the first phase of the development, the Inn at Bellefield. An additional $250,000 will be payable to the Town prior to site plan approval for the second phase of development of the project. Site preparation is currently in progress for the Inn at Bellefield, which Mulroy anticipates will open in early 2020.

Through the Hyde Park Downtown Initiative town officials have been developing and implementing plans to create a more vibrant commercial center through the construction of pedestrian and wastewater infrastructure in the traditional center of Hyde Park as well as promoting higher and better uses of properties through zoning code updates.

As part of the Initiative, the Town has built numerous important pedestrian connections by utilizing both federal and state funding, creating important change on the Route 9 corridor. With millions of dollars in private investment in the area, Hyde Park is well on its way to reaching goals articulated at several public meetings where hundreds of residents expressed their hopes and goals for the Town.

On the critical wastewater treatment side (there currently is no public wastewater treatment in Hyde Park) the Town will utilize the $1.25 million dollar contribution to help defray the cost of the sewer infrastructure to the district members.

The Town is in the midst of the sewer project development and has retained Delaware Engineering to complete project planning and present the project to the property owners who will be served by the district. The system has a projected $18,000,000 cost and will serve properties along Route 9 from Linden Lane to Terwilliger Road. The Town has acquired $5.3 million in committed funding for the project, including the $1.25 from Bellefield and several state and county grants. The balance of the project will be funded through a borrowing and repaid over 30 years by the members of the district.

On Tuesday, December 11th the Town will be conducting the second in a series of meetings for the potential district members at Hyde Park Town Hall at 9:00 am. For more information on the project, visit the Downtown Initiative page or the Downtown Initiative website

MidHudsonNews article on the Dec. 7th Contribution
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