Daily Freeman (Kingston, NY)

PODS seeks tax relief for Marlboroug­h move

- By William J. Kemble news@freemanonl­ine.com

PODS Enterprise­s LLC has asked the Ulster County Industrial Developmen­t Agency for more than $640,000 in tax breaks as the company prepares to relocate within the town of Marlboroug­h.

The company, which rents our portable storage units, plans to move from 22 Riverview Drive to a 40,000-square-foot building it would construct at 1100 U.S. Route 9W, the site of a former garden center.

PODS rents out empty storage units that then are filled by homeowners or business and brought to a central site.

PODS Enterprise­s LLC owner Gary Krupnick told the Industrial Developmen­t Agency board at a recent meeting that the empty containers “will be stored outside out of sight behind the [new] building.”

Filled containers, as large as 8 feet tall and 16 feet long, would be stored inside the building, Krupnick said. He estimated there could be up to 700 containers, depending on the sizes.

“This facility will run 70 to 80 percent capacity pretty quick,” he said.

The financial relief being sought from the Industrial Developmen­t Agency includes a payment-inlieu-of-taxes agreement under which $447,444 in property taxes would be waived. The company also is seeking a $169,600 exemption from sales taxes and a $25,500 waiver from mortgage recording taxes.

PODS reports having seven full-time employees at its current operation and Marlboroug­h and says it would employ eight people in the first year at the new location, 10 people in the second year and 12 in the third year.

The applicatio­n for tax relief says the relocation project would cost the company about $6 million and create 52 constructi­on jobs .

“Applicant is under contract to acquire the property,” the applicatio­n states. “However, Its obligation­s to purchase are contingent upon IDA approval of the project.”

The Industrial Developmen­t Agency will hold a public hearing on the applicatio­n before deciding whether to grant the tax breaks.

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