Tax Delinquency
Ulster County Comptroller Reports on Former IBM Campus Redevelopment: $9.5 Million in Public Obligations Unpaid, Foreclosure Proceedings Underway
The report shows that the developer, two single-purpose LLCs created by Connecticut-based National Resources operating as iPark, owes $6.56 million in unpaid mortgage payments and $2.93 million in delinquent property taxes, for a combined public-sector obligation of approximately $9.5 million. The Ulster County Economic Development Alliance (UCEDA), which managed the …
