The Royal Wine Corporation's Strategic Expansion
The Royal Wine Corporation’s facility in Goshen, NY, exemplifies how strategic public-private partnerships can drive regional economic development while meeting environmental and community standards. This initiative positions Orange County as a hub for innovation in production and tourism, creating a sustainable legacy for years to come.
Size And Scale
Royal Wine Corporation, in partnership with Goshen Developer JV, LLC, is spearheading a $125 million development project in Goshen, NY. Spanning 82 acres, the project includes the construction of a 626,862-square-foot production and manufacturing facility, encompassing a visitor center and retail sales hub for its juice and wine products.
Land Mass
This project needed 82 acres for its visitng center, production and manufacturing facility.
Total Investment
Goshen Developer JV, LLC, is spearheading a $125 million development project in Goshen, NY.
Timeline
15-year PILOT (Payment in Lieu of Taxes) agreement to ensure long-term financial sustainability.
Jobs
Generated 701 jobs during construction and sustain 80 permanent jobs over the facility's lifetime.
Project Challenges
- Regulatory Compliance: Navigating environmental standards and obtaining necessary approvals, including the adoption of SEQRA findings and a Negative Declaration for environmental impact.
- Infrastructure Development: Establishing advanced facilities with state-of-the-art mechanical systems, special epoxy flooring, and upgraded utilities.
- Economic Viability: Balancing significant financial incentives with community contributions, including exemptions from sales tax, mortgage recording tax, and real property tax.
How we accomplish
Royal Wine Corporation achieved this development through a strategic blend of partnerships and innovative planning:
Collaborative Framework
Partnered with OCIDA to secure financial incentives and ensure compliance with regional development goals.
Sustainable Operations
Committed to utilizing advanced construction materials and ensuring environmental compliance throughout the facility’s lifecycle
Economic Incentives
Leveraged a $27.6 million real property tax abatement, $3.8 million in sales tax exemptions, and $517,000 in mortgage recording tax savings.
Regional Growth
Improved infrastructure and community access with a high-quality visitor and retail experience.
