By Paul Kirby, Daily Freeman
POSTED: 11/12/17

KINGSTON, N.Y. >> RUPCO, a Kingston-based affordable housing provider, hopes to secure tax credits soon and start construction of a film and television production studio and commercial space at a building on South Prospect Street by next year, an official said.

Kevin O’Connor, RUPCO’s chief executive officer, said the agency is actively seeking tax credits to offset construction costs associated with the project. “We hope to complete the task of securing the financing and start construction in September 2018,” O’Connor said in an email Friday. “Construction will take approximately one year.”

The renovated building will be called The Metro. Construction costs are expected to total $14 million.

When completed, The Metro is expected to house a television and film production center called Stockade Works, which will be headed by actress and director Mary Stuart Masterson, who lives in Dutchess County. The Metro also is expected to have rent-paying tenants that RUPCO calls “makers,” which could include craftspeople.

Full story: http://www.dailyfreeman.com/20171112/rupco-aims-to-start-work-on-the-metro-project-in-kingston-within-year

Comment