The developer of the proposed $500 million Legoland amusement park in Goshen has applied for a 30-year payment-in-lieu-of-taxes agreement from the Orange County Industrial Development Agency.
In its application filed on Thursday, the Merlin Entertainments Group also asks for a sales tax exemption totaling $13.5 million, and an unspecified mortgage tax exemption. It does not calculate the value of its proposed property tax agreement. The application states the current taxes paid on the 523-acre site total $91,185.
The 30-year duration of the requested PILOT is unusual. Most projects get agreements that phase in taxes over a decade or so.