OC Choppers site OK’d for assessment cut of nearly 50 percent
TOWN OF NEWBURGH – Newburgh’s Town Council approved on Monday a settlement reducing by nearly 50 percent the tax assessment for the Orange County Choppers property, which is slated for a makeover that will include go-kart manufacturing and racing, laser tag and an expanded arcade.
Mount Kisco-based Diamond Properties, which bought the property for roughly $2.4 million at auction last year and is planning to turn unused space into an entertainment complex, will see its assessment for 2014 reduced to $2,128,500, for 2015 to $2,090,000 and for 2016 to $1,980,000.
