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Hudson
Valley NY Real Estate Blog
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Thursday, December 14, 2006
According to the Ulster County Press, the owner of the former Ames Plaza Mall is in negotiations with Wal-Mart to sell the plaza. The mall owner, Joseph Tso, said that he expects the formal contract to be signed with Wal-Mart in a week or so. This would be a big economic boost to the Ellenville area and would provide a solution for those that are currently relegated to travel 45 minutes to the closest department store retailer. Wal-Mart would certainly bring employment opportunities to local residents and a better economic outlook. An improved local economy usually leads to home value appreciation and increased demand for real estate, so this appears to be a very positive development on the surface.
Wednesday, December 06, 2006
The town of New Paltz has been promised $1.04 million in the form of a federal grant in order to design and construct a bicycle and pedestrian bridge over the Wallkill River. When completed, it will connect the Wallkill Valley Rail Trail to the Ulster County Fairgrounds and the Ulster County Public Pool. The bridge will be a welcomed advance to reduce traffic on the the current bridge over the Wallkill on Rt. 299, especially for big events like the Ulster County Fair and the Ribfest. The current bridge has very narrow shoulders for pedestrian traffic. The new bridge will also increase awareness of the existing rail systems and foster increased use. Bridge construction will require an easement which is expected to be purchased by the town. To receive the grant, the town will also have to come up with $259,848 since it is an 80/20 matching grant..
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