By Bobby Welber
Publication Date: 2026-04-29 13:35:00
The redevelopment of the former IBM campus in Ulster County is in serious financial trouble.
Officials say Ulster County taxpayers are currently on the hook for nearly $9.5 million in unpaid obligations.
Former IBM Campus Redevelopment In Trouble
Jackie Corley
The Ulster County Comptroller’s Office tells Hudson Valley Post that the redevelopment of the former IBM campus in the Town of Ulster is in serious financial trouble, and Ulster County taxpayers are on the hook for nearly $9.5 million in unpaid obligations.
The Ulster County Comptroller’s Office released a report showing that the developer behind iPark, two single-purpose LLCs operated by Connecticut-based National Resources, owes $6.56 million in unpaid mortgage payments and nearly $2.93 million in delinquent property taxes.
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“This property is absolutely vital to the…