FAQ - Redevelopment of Parking Lot A
Click the below links to bring you to the following page sections:
- What is Parking Lot A?
- What is planned for the site?
- What has taken place so far?
- What is next for this proposal?
- Who is WBP Development LLC?
- What is the history of Parking Lot A?
- How will this impact users of the train station parking lot?
- What about the flooding risk at the train station?
- Will Croton residents be prioritized?
- What impact will this have on traffic?
- What impact will this have on emergency services?
- What are the fiscal impacts of this project?
- What impact will this have on the schools?
- Why is the redevelopment of Lot A needed?
- What is the status of other projects in Croton-on-Hudson?
What is Parking Lot A?
Parking Lot A is located on the north side of Croton Point Avenue at the intersection of Veterans Plaza across the street from the train station and is adjacent to the MTA train tracks. Zoned as light industrial (LI), the parcel is 1.23 acres and owned by the Village of Croton-on-Hudson.

What is planned for the site?

- WBP would pay the Village of Croton-on-Hudson $2.3 million for the Lot A parcel.
- WBP intends to construct approximately 55 units on the Lot A parcel. Contingent on the purchase of the adjoining privately owned parcel at 1 Croton Point Avenue, WBP intends to merge that parcel with the Lot A parcel to allow for the construction of approximately 100 units of housing on the site.
- At least 20% of the units will be affordable. Both parties are interested in constructing affordable condominiums on the site if funding can be secured through the Affordable Homeownership Opportunity Program (AHOP).
- If the project is successfully funded through AHOP, the affordable units will be available to homeowners at up to 120% of the Westchester County Area Median Income (“AMI”). For the purposes of example, the 100% AMI for a three-person household in Westchester County is $140,600.
What has taken place so far?
What is next for this proposal?
Who is WBP Development LLC?
What is the history of Parking Lot A?
How will this impact users of the train station parking lot?
What about the flooding risk at the train station?
Will Croton residents be prioritized?
What impact will this have on traffic?
What impact will this have on emergency services?

What are the fiscal impacts of this project?
The Village stands to realize $2.3 million from the sale of its property at 1 Croton Point Avenue. Such funding can be used to fund capital improvements throughout the Village, such as parks improvements, new vehicles and equipment for our police and fire departments, and new stormwater infrastructure.
WBP Development had a detailed fiscal analysis compiled by KSCJ Consulting and reviewed by the Village's consultant, AKRF. Under its current status, the tax revenue generated from both parcels for all taxing jurisdictions is $53,219 (Village, Town, County, School & Library). A completed project with 100 affordable condominiums has been estimated to generate $407,546 annually, which would constitute an increase of over 600% from the current tax bill.
If funding from AHOP does not materialize, and the project becomes an 80% market-rate rental, 20% affordable rental development, the tax revenue due to all jurisdictions is estimated to be $685,659.
A PILOT is not expected for this property. The Village’s objective is for a homeownership condo development and a PILOT is not expected for this use.
What impact will this have on the schools?

Why is the redevelopment of Lot A needed?
What is the status of other projects in Croton-on-Hudson?
- Maple Commons at 43-45 Maple Street, 33 apartments, all affordable and soon to be fully occupied;
- 25 South Riverside, 39 apartments, 35 market rate, four affordable, currently under construction, but not likely to be occupied until 2026;
- 1380 Albany Post Road, 29 apartments, 26 market rate and three affordable, whose ownership has not yet sought a building permit, therefore placing its completion some years into the future; and
- 352 South Riverside, 5 apartments, all market rate, whose ownership, like the project above, has not yet sought a building permit, therefore placing its completion some years into the future.
To date, 106 apartments have regulatory approval from the Village following special permit authorization by the Village Board and site plan approval by the Planning Board under the Village Code (66 of them market rate, 40 of affordable). However, it will be some years into the future, perhaps 2026 or later, before most are completed and occupied.
