Depot Hill project waiting on reorganization

AMENIA — Tarragon Corporation, the main backer of the Keane Stud Farm  subdivision project on Depot Hill Road, has filed for Chapter 11 bankruptcy. Planning Board Chairman Bill Flood informed the Town Board on Jan. 21 of the company’s trouble.

The farm’s co-owner, Jeffrey Stark, when reached for comment earlier this week over the telephone, maintained that Tarragon will still be involved in the project.

“We’re still partners, but they’re undergoing reorganization,� he explained. “The person who’s going to be in control of Tarragon is in flux. I’m not looking for another partner, and I’ll still probably have Tarragon as my partners.�

Flood said that all consultant work had been stopped at Stark’s request, and the project would only move forward upon further notice.

“As soon as we know more [about Tarragon’s new leadership], we want them to have an opportunity to give input into the project before it’s put in stone,� Stark added, saying he didn’t know for sure when exactly that would be. “I would be surprised that if in the next six weeks or so we didn’t have a new person on board.�

Keane Stud, LLC, the applicant, is proposing to renovate its horse-stud farm through a resident cluster development on approximately 481 acres on Depot Hill Road. The proposal currently consists of 137 single-family dwellings, a community garden, equestrian facilities (including indoor and outdoor riding areas, associated barns and stables, a cross-country course, riding/hiking trails and tack shop), a refreshment cafe, a thoroughbred stud farm and hay fields.

The project went through a series of public hearings last summer. A number of significant issues, most notably the visual impacts of the proposed project from various locations in town including DeLavergne Hill, still remain to be adequately addressed by the applicant.

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