At iPark 87, tax trouble has returned.
National Resources, the developer that rebranded Kingston’s long-blighted TechCity campus as iPark 87, is now delinquent on multiple tax bills, echoing the site’s prior history of unpaid taxes under former owner Alan Ginsberg.
The tax arrears come as Ulster BOCES opens a 100,000-square-foot Career & Technical Center at the complex under a long-term lease. Aside from BOCES and early anchor Archtop Fiber, however, much of the ambitious build-out National Resources once touted has yet to materialize. Complicating matters, iPark 87’s president, Joe Cotter, died suddenly on October 26, 2024, depriving the project of its most visible champion.
There are still town-approved plans to build a massive 880-unit mixed-use facility that would go far to address the area’s lack of housing. National Resources told Hudson Valley One in May of 2024 that it anticipated starting a first 160-unit housing phase on the south side of the site.
In late 2021, Ulster County wrested most of TechCity from Ginsberg after years of tax delinquency, transferring the property to the Ulster County Economic Development Alliance (UCEDA) and arranging a sale to National Resources. The deal paired tax and debt resolution for the Ginsberg era while National Resources agreed to pay the county over time and undertake environmental cleanup, all while promising a rapid tenant hunt and site renewal.
County and education leaders doubled down in May 2024, announcing leases that would establish a workforce-development hub at iPark 87, anchored by Ulster BOCES. That move preserved the vision of the site as a skill-training and innovation node even as private-sector demand softened. BOCES cut the ribbon this October and began operations at the campus.
With National Resources now behind on taxes and its last recorded mortgage payment to the county dating to February 2023, the redevelopment’s financial foundation faces renewed scrutiny reminiscent of the TechCity years.
What’s next? County delinquency notices indicate liens can be recorded for unpaid 2025 general and 2024–25 school taxes on November 1, a formal step toward foreclosure should nonpayment persist. Local officials and the developer have not yet publicly discussed a plan to address the issue.
Join the family! 
