PATTERSON – State Senate Majority Leader Andrea Stewart-Cousins (D, Yonkers) led a list of dignitaries at the state, county and local levels Thursday at Patterson Town Hall when celebrating the completion of a $1.4 million economic development project at I-84 and Route 311 at the Patterson-Kent town line.
The project will help support the construction of the Patterson Inn and Patterson Crossing, creating more than 800 jobs and generating more than $14 million in annual tax revenue for Putnam County.
State Senator Peter Harckham (D, Mt. Kisco), who was instrumental in obtaining funding for the project, called the completion a “great example of the economic impact we can achieve when our state government partners with local communities and invests in projects that drive growth and opportunity.”
He said the two projects “will unlock millions of dollars of economic development in this corridor of Putnam County. Two ambitious, well-planned projects, Patterson Crossing and the Patterson Inn, will provide a tremendous boost for the region, bringing with them jobs, a wide array of business activities and millions in tax revenue to help support schools and community services.”
Stewart-Cousins noted that the $1.4 million investment was “already paying dividends for Patterson. It sets the stage for what’s coming next for this corridor, from Patterson Crossing to the Patterson Inn, and the hundreds of jobs and millions in new tax revenue these projects will bring.”
The Patterson Crossing project is expected to create 50 construction jobs. Once operational, the center is projected to add 516 full- and part-time jobs. Annual real estate taxes on the property are expected to rise to about $840,000, with $600,000 going to the Carmel School District.
The Patterson Inn hotel project will create an additional 60 construction jobs, and when the inn and its adjacent shops are operational 50 full-time hotel jobs, 40 restaurant jobs and 20 retail store jobs. The estimated annual property tax revenue will be $577,200 and an estimated annual hotel tax revenue will be $280,000.
The estimated annual sales tax revenue once both projects are operational will be over $13 million.
Patterson Town Supervisor Rich Williams noted that completing the Rt. 311 improvement project included several challenges, like supply-chain disruptions during the Covid-19 pandemic and other necessary roadway repairs before traffic signals at the intersection of Rt. 311 and I-84 could be installed and the turning lanes on Route 311 could be widened.
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