Tarter Krinsky & Drogin LLP recently represented Historic Hudson Valley (HHV) in contract and loan negotiations for the construction of a Regional History Center in Pocantico Hills, Westchester County, New York. HHV closed a construction loan with Hudson Valley Bank to provide a portion of the financing required to construct the center, which is expected to be completed in early 2011.
HHV is a not-for-profit educational organization that owns and manages an integrated network of six historic sites: Kykuit, the Rockefeller Estate; Washington Irving’s Sunnyside; Van Cortlandt Manor; Philipsburg Manor; the Union Church of Pocantico Hills; and Montgomery Place Historic Estate.
The Regional History Center will strengthen programming at these historic properties by uniting HHV’s outstanding research library with its curatorial, interpretive and educational staff. What is more, the Center will stand on its own as a research and educational facility for the entire Hudson Valley. The Center will be built on land donated by Laurence S. Rockefeller. Additional funding for the project will be provided by the New York State Empire State Development Corporation as well as by private contributions.
William W. Weisner, a partner in Tarter Krinsky & Drogin’s Real Estate, Construction, and Banking and Finance Practice Groups, handled the contract and loan negotiations for the project.