This page contains information related to the redevelopment of the former IBM campus in the Town of Ulster. The campus was branded as "TechCity" when it was purchased in 1998 following IBM's departure. Since then, a history of failures have led to the deterioration of the site and its existing buildings and have created hazardous environmental conditions due to improper demolition of asbestos-containing materials. The site - which once housed the County's largest employer - has been an economic liability for over two decades.
In 2019, County Executive Ryan ordered the commencement of foreclosure proceedings, which resulted in the County's acquisition of 82 acres on the west side of Enterprise Drive. Those parcels were transferred to the County's local development corporation (Ulster County Economic Development Alliance) and have been re-branded as Enterprise West. In 2021, the transition of the campus accelerated, with the purchase of six parcels on the far eastern edge by a clothing wholesaler/distributor and the commencement by the County of foreclosure proceedings on virtually all of the remaining TechCity parcels.
On December 1, 2021, Ulster County Court Judge Bryan Rounds signed a settlement order that, once implemented, would result in the sale of the remaining TechCity parcels to National Resources, a real estate company that specializes in turning around complicated former industrial sites, such as the former IBM campus in East Fishkill.
On December 2, 2021, the Ulster County Legislature set a public hearing on the transfer of the TechCity parcels to the Ulster County Economic Development Alliance for December 21st at 6:30pm. Comments may be submited via email to vfab[at]co.ulster.ny[dot]us in advance of the hearing.
On December 12, County Executive Ryan and Tim Weidemann, Director of Economic Development, provided a presentation of the proposed transaction at a TownOfUlsterCitizens.org meeting (click here to view the recorded presentation).
On December 21, the Ulster County Legislature authorized the County to transfer the TechCity parcels to the Ulster County Economic Development Alliance, so that UCEDA could in turn sell the properties to National Resources/iPark87.
On December 21, the Board of Directors of UCEDA authorized the execution of a Purchase and Sale Agreement to sell the properties to National Resources/iPark87. It is anticipated that UCEDA and National Resources/iPark87 will close on the transfer in the first quarter of 2022, following the completion of an appraisal of the properties.
On June 2, 2022, the Ulster County Economic Development Alliance advanced the redevelopment of the former IBM campus by approving a Purchase and Sale Agreement that defines the terms by which UCEDA proposes to sell the properties referred to as Enterprise West to National Resources to be included in the future iPark 87 campus. The full PSA is available here.
Information about proposed sale of TechCity to National Resources:
- Map of Former IBM Campus Properties
- Order and Stipulation of Settlement
- UPDATED: Frequently Asked Questions (last updated 12/23/2021)
- National Resources' Submission to UCEDA Request for Expressions of Interest (Sept 2021)
- National Resources' website (includes information on the firm's past projects)
- Video overview of National Resources' iPark 84 project
- Overview of 2009 Campus Master Plan for TechCity
Press announcements on TechCity:
- June 2, 2022: Former IBM Site Begins New Chapter as iPark 87
- December 21st, 2021: Statement from County Executive Pat Ryan on Unanimous Vote Regarding TechCity
- December 8th, 2021: Ulster County Executive Pat Ryan Outlines Bold Vision to Revitalize Former IBM/TechCity Site; National Resources Pledges to Invest at Least $200 Million to Improve Site, Attract High-Growth Businesses, Provide Up to 1,000 New Jobs
- December 1st, 2021: Ulster County Executive Pat Ryan Announces Transformative Deal on Former IBM Site in Town of Ulster
- July 20th, 2021: Ulster County Executive Pat Ryan Announces that Ulster County has Started Foreclosure Proceedings on Eastern Portion of Former IBM Campus
- March 24th, 2021: County Executive Ryan Signs Bill to Allow Ulster County to Officially Reimagine and Redevelop Enterprise West Property at the Former IBM Site
- March 1st, 2021: County Executive Ryan Announces Diverse Set of Plans to Reimagine and Redevelop Enterprise West Property at The Former IBM Site
- February 26th, 2020: Federal Environmental Protection Agency to Begin Demolition and Asbestos Abatement Work at Tech City
- December 20th, 2019: Ulster County Executive Pat Ryan Announces Action to Save More than 140 Jobs in 14 Businesses from TechCity Utility Shutdown
- December 18th, 2019: Federal Environmental Protection Agency Names Tech City a Superfund Site and Serves Owner Alan Ginsberg Notice of Personal Liability for Asbestos and Demolition Cleanup
- November 4th, 2019: Court Grants County Former Bank of America Parcels at Tech City Enabling Development Opportunities at Long-Dormant Site