The Town of Orangetown is looking to acquire the former IBM Conference Center property in Palisades through eminent domain. Supervisor Teresa Kenny says HNA has been dormant for years, and since the company is owned by the Chinese government, there hasn’t been much good-faith negotiating going on for possession of the property…
The town has developers waiting to try to do something with the 106-acre piece of land located between Routes 9W and 340. The area has been deteriorating for years while the company has struggled to come up with a solution for what to do with the property. Kenny says the company also owes the town about $4 million in back taxes.