Woodbury Common Premium Outlets has announced plans to expand with the addition of new stores and restaurants, a hotel, and a second parking garage. Once complete, the improvements are expected to generate substantial tax revenues and economic benefits while attracting increased tourism to the region.
The project is expected to add 155,000 square feet of new retail and restaurant space, a 3,000+ space parking garage, a 200-room hotel, and additional walkways, improved crosswalks, and a new children’s play area. An estimated 770 additional jobs will come with the completion of the project, and construction is anticipated to generate another 1,659 jobs. Estimates indicate construction would generate around $250 million for the local and state economies. “Woodbury Common Premium Outlets has been proud to be a dynamic source of economic growth generating hundreds of millions of dollars in tax revenue and thousands of jobs, as well as being a caring community neighbor,” said David Mistretta,the shopping center’s general manager. “This visionary proposal will further energize Woodbury Common, Orange County and the entire Hudson Valley as a world-class shopping and tourism destination that is so crucial to the region’s economic success today and in the future.” Orange County Executive Steven Neuhaus and State Senator James Skoufis are supporting the project, citing the community and economic befits the expansion will bring.
“Woodbury Common’s improvements will benefit Orange County communities and our tourism industry for years to come,” said Neuhaus. “We’re grateful that since day-one, Woodbury Common has been a great neighbor, created numerous entry level and career path jobs and been a major driver of both sales tax revenue and regional economic opportunity.”
A hotel is planned for the Woodbury Common (rendering provided)“The next phase of expansion will create both construction and permanent retail jobs while working within the existing footprint of Woodbury Common,” said Skoufis. “Importantly, the project will significantly expand the sales and property tax base in the village, town, and school district without a meaningful increase in traffic.”
Assemblymember Chris Eachus, who represents Woodbury in the State Assembly, recalled the opening of the outlet center nearly 40 years ago. “Woodbury Common Premium Outlets is the epicenter of the Orange County local economy,” said Eachus. “From its humble beginnings in 1985, Woodbury Common has catapulted into a globally recognized brand, attracting customers from countries from around the world, and bringing in millions of tax dollars that support our local communities and schools. I am excited to see the new amenities that will become available for residents and visitors alike with this project, and even more excited to continue to support the economic strength our region.”
Local officials are lending their support to the project, including Village of Woodbury Mayor Andrew Giacomazza and Town of Woodbury Supervisor Thomas Burke. Giacomazza said, “This plan seeks to strengthen that brand advantage and power an even greater future,” and Burke added, “We eagerly await further details of this proposal and how Woodbury Common can deepen its roots to fuel a brighter economic future for our town and those who live, work and play here.”
Woodbury Common has submitted a Draft Supplemental Environmental Impact Statement to the Village of Woodbury Planning Board to launch the municipal-review process.
Sourcc: Mid-Hudson News
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