The landscape of Sullivan County is poised for a significant transformation as a major development project takes shape near the historic Monticello Raceway. Kearney Realty & Development of Somers has acquired the property, marking the beginning of an ambitious plan to construct over 100 units of workforce housing along County Route 17B.
This initiative is not just a local endeavor but part of a broader strategy to address the pressing need for affordable housing across New york state. The project, facilitated by State Assemblywoman Paula Kay (D, Rock Hill), aims to provide much-needed housing solutions for the local workforce while stimulating economic growth in the region.
The Vision Behind the Development
The acquisition of the Monticello Raceway property by Kearney Realty & Development is a strategic move that aligns with the growing demand for affordable housing in Sullivan County. The development is expected to play a pivotal role in the county’s future, offering a viable solution to the housing crisis that has been affecting communities statewide.
State Assemblywoman Paula Kay, who played a crucial role in bringing the parties together, expressed her enthusiasm for the project. “It’s a win for Sullivan County; it’s a win for our local economy, and it’s a win for people who work here and need a place to live,” she said. The executed contracts signify the commencement of this transformative initiative, which is set to benefit both the residents and the local economy.
Addressing the Housing Crisis
Robert DeSalvio, president of Ghenting America’s East, highlighted the urgency of the housing issue in New York State. “Housing has become the number one issue facing communities across New York State, and it is a challenge we see up close at all three of our Resorts World properties in Catskills, Hudson Valley, and New york city,” he stated. The development near Monticello Raceway is a step towards mitigating this challenge, providing a model for similar initiatives in other regions.
The project has garnered support from local leaders, including County Legislature Chairwoman Nadia Rajsz, who described it as “a historic investment for Sullivan County.” She emphasized the widespread need for such housing solutions, stating that “the need for this type of housing is present in every part” of the county. This initiative is expected to set a precedent for future developments, addressing the housing shortage and fostering economic growth.
The Economic Impact
The construction of over 100 housing units near Monticello Raceway is anticipated to have a profound impact on the local economy. The project will create jobs during the construction phase and provide long-term benefits by attracting and retaining a skilled workforce in the area. The increased housing availability is expected to support local businesses and enhance the
Moreover, the development aligns with the broader goals of revitalizing the Catskills region. By addressing the housing needs of the local workforce, the project contributes to the sustainability and growth of the community. The initiative is part of a larger effort to transform the region into a thriving hub for residents and visitors alike.
As the development progresses, it will be closely watched for its potential to serve as a blueprint for similar projects across New York State. The success of this initiative could inspire other communities to undertake comparable efforts, addressing the housing crisis and promoting economic development.
