Wilmorite court ruling questions viability of PILOTs under 2% tax cap

The decision handed down on March 17 by judge Michael H. Melkonian in the New York State Supreme Court of Ulster County dismissing Wilmorite, Inc.'s Article 78 petition against the Town of New Paltz Planning Board has evoked a sigh of relief among town officials worried about how to pay for all the additional municipal services that a new 256-unit dormitory would have needed. For proponents of the Park Point project, including SUNY New Paltz, losing the developers' lawsuit means going back to Square One in terms of augmenting student housing close to campus: an ongoing unmet need that also has negative impacts on rental properties within the village.

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