The last remaining independently owned property agrees to sell, paving the way for a second Peekskill Renaissance.
Local property mogul Louie Lanza announced in a press call this morning that his company, the Hudson Valley Hospitality Group, has finalized a deal to acquire the last non-Lanza-affiliated business in Peekskill.
“Peekskill is an enormous, creative city full of vibrant architecture and people,” Lanza says. “We are now proud to say we own all of it.”
Lanza, the Rich Uncle Pennybags of Northern Westchester, rose to prominence with his involvement in The Hudson Room and the next-door Eagle Saloon (also Taco Dive Bar, Buns-n-Bourbon, plus River Outpost Brewing and the Factoria complex…).
After announcing an organized takeover of the Hudson Valley Paramount Theater last month, Lanza felt the time was right, he says, for his long-shadowed machinations on the city to be brought to light. His avarice knowing no bounds, what few remaining businesses, housing developments, and municipal buildings quickly fell to the civic leader.
Read More: Peekskill Businesses ‘Take Over’ the Paramount Theater as City Searches for New Management
The final property — a historic Bank Street location most recently occupied by an offshoot of a Brooklyn-based company that designs artisanal abandoned storefronts, agreed to sell late last night after grueling hours of locked-door negotiations.
Mayor Andre Rainy, who ceded control of Peekskill’s Metro-North rail station last week, praised the deal, calling it the herald of an unprecedented age of revitalization and growth for the diverse Westchester suburb as it looks to pivot to a more tourism- and taco-focused economy.
Lanza has lofty plans for “the Sixth Borough,” including no less than the relocation of the U.S.S. Intrepid (which Lanza owns), the introduction of European-style Formula 1 racing to Peekskill’s sleepy streets, and officially changing his name to “Louie Peekskill” to cement his ownership of the town. The town council began noticeably salivating at the mention of tourist dollars, though residents are somewhat concerned about a rise in property values potentially pricing locals out of their luxury townhomes.
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