Orangetown Initiates Eminent Domain On The Blighted HNA Property In Palisades; Town Has Waited Long Enough For HNA To Sign Agreement With REVEIL
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Orangetown Officials Inch Toward Ordering An Appraisal For HNA Palisades Property
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A cleanup team is nearing the end of an oil spill remediation at the HNA Palisades Premier Conference Center in Orangetown that began on Aug. 30th, according to the New York Department of Environmental Conservation (DEC).
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The Town of Orangetown board members on Tuesday effectively disqualified a developer and his team from the contest to redevelop the HNA Palisades Training site despite extending an invitation to a scheduled meeting on Wednesday to lay out plans and share financial information.
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ZVG@Palisades LLC, an entity affiliated with Vasco Ventures, did not meet its Nov. 12th deadline to purchase the HNA Training Center in Palisades.
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The Brooklyn group that is under contract to purchase the HNA Training Center in Palisades from the Chinese-owned property, has defaulted on its contract and is seeking relief in the bankruptcy court to buy itself 60 additional days to find the funds to close.
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The firm behind the recent purchase of the Hudson Valley Resort in Kerhonkson is said to be interested in purchasing the HNA Center on Route 9W in Palisades.
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Rockland County’s James Chambers, an heir to the Cox family fortune, lands on Forbes richest people list.
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In 2017, HNA won approval from Orangetown’s Planning Board to build an additional five-story hotel with 100 rooms on the property. But there was a snag: HNA didn’t have the right to rent those rooms to the general public.
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