Transforming Goshen, NY into a Thriving Tourism Hub
LEGOLAND New York, developed by Merlin Entertainments Group, represents a $328.5 million investment in Goshen, NY. Spanning 153 acres, the development includes a theme park, hotel, and supporting amenities. The project is projected to generate over $1.2 billion in net benefits and has a 30-year operational timeline.
Size And Scale
LEGOLAND New York, developed by Merlin Entertainments Group, represents a $328.5 million investment in Goshen, NY. Spanning 153 acres, the development includes a theme park, hotel, and supporting amenities. The project is projected to generate over $1.2 billion in net benefits and has a 30-year operational timeline.
Land Mass
This project needed 153 acres for its theme park, hotel, and supporting amenities.
Total Investment
Merlin Entertainments Group, represents a $328.5 million investment in Goshen.
Timeline
This project is projected to generate over $1.2 billion in net benefits
Jobs
Creation of 1,300 permanent jobs post-completion, including 500 full-time positions
Project Challenges
- Complex Zoning Requirements: Required variances for building height, parking space reductions, and access roads to meet regulatory standards.
- Economic Feasibility: Addressing cost-benefit dynamics through Payment in Lieu of Taxes (PILOT) agreements, balancing long-term community revenue with developer incentives.
- Community Concerns: Managing environmental and traffic impacts while ensuring local support.
How we accomplish
The project leveraged strategic collaborations, innovative funding mechanisms, and a strong commitment to community engagement. This approach ensured the alignment of economic objectives with local development goals, fostering a seamless integration of the theme park into the Goshen community.
Partnerships
Worked with Orange County IDA and local stakeholders to align economic incentives and community goals.
Strategic Incentives
Leveraged $16M in tax incentives, including property and sales tax exemptions.
Targeted Investments
$214M for construction, $39.5M for equipment $75M for other soft costs.
Local Workforce
Ensured 85% local labor compliance, prioritized hiring from the surrounding area
