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April 20, 2014
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Questions about Apollo deal: what is the Sullivan County Funding Corporation?


Another concern among some is that the deal calls for about one acre of the property to be carved out from the rest as a possible home for a nonprofit organization. In the past it has been widely reported that some members of the community considered this to be a sweetheart deal for the Sullivan County YMCA, which competes with the for-profit Monticello business Fitness Factory Health Club.

Former lawmaker David Sager said that he had concerns about the way that deal came about, and he is investigating the matter. Others questioned why there should be space for a nonprofit when the aim of the entire project is to raise tax revenue for the county.

Another concern expressed privately is a possible appearance of a conflict of interest. The property for the landfill was purchased in part from an entity called the Rose Valley Industrial Park, and documents related to the transfer of the land indicate that Harold Gold was the secretary of the organization at the time. Gold is now on the board of the IDA and the SCFC.

Finally, the resolution says that the county will receive 90% of the revenues from any sale of the property, with the remaining going to the SCFC.

It is not clear when the project might move forward. However, Sager warned the new lawmakers that even though there may be questions surrounding some aspects of the project, “I want to caution you as a group that you don’t want to be labeled with the stigma of standing in the way of economic development in Sullivan County.”