Kearney Realty Site Development Agreement Amendment and PILOT Agreement
Newburgh
Description
The Council was scheduled to consider an amendment to the site development agreement with Kearney Realty & Development Group plus a PILOT agreement — the tax deal that goes with the project.
Impact summary
The deal could shape a significant development in the city, with the PILOT terms determining how much property tax revenue the city forgoes.
Applicant
- Name
- Kearney Realty & Development Group, Inc.
At a glance
- Hearings
- 3
- Public comments
- 0
- Total mentions
- 3
Recorded in the meeting · City Council
Last discussed May 11, 2026.
Meeting timeline (3)
City Council - May 11, 2026
The Council was scheduled to consider an amendment to the site development agreement with Kearney Realty & Development Group plus a PILOT agreement — the tax deal that goes with the project.
City Council - Apr 27, 2026
A second amendment to the city's site development agreement with Kearney Realty for the transfer and redevelopment of three properties on Smith and Montgomery Streets was on the agenda.
City Council - Apr 23, 2026
The council was scheduled to review an amendment to its site development agreement with Kearney Realty & Development Group and a proposed PILOT (tax-incentive) agreement tied to the developer's project.
Related issues (2)
Bourne and Kenney PILOT agreement
A payment-in-lieu-of-taxes agreement for the Bourne and Kenney affordable housing development would set how much the project pays the city instead of full property taxes.
Kearney Realty PILOT and development agreements
The city considered amending its site development agreement with Kearney Realty & Development Group and a PILOT deal — a tax break in exchange for development. PILOTs shift who pays property taxes, so the terms matter to every taxpayer.
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