41 North Division Street — Children's Village / Field Library adaptive reuse
Peekskill
Description
A PILOT-backed plan to convert the historic 36,000-square-foot 'Workers Comp Building' at Busy Corners into the new Field Library with 22 affordable apartments at 50-60% AMI. Council direction was being sought to prepare a resolution for the June 8 meeting.
Impact summary
Downtown gets a landmark building back in use, a modern library with regional draw, and affordable units — while the city collects a $33,000/year escalating impact fee on an otherwise tax-exempt property.
Applicant
- Name
- 41 Streamline LLC (on behalf of the Children's Village)
- Address
- 41 North Division Street, Peekskill, NYSee this on the map
At a glance
- Hearings
- 4
- Public comments
- 0
- Total mentions
- 4
Last vote · Planning Commission
Last discussed Aug 11, 2026.
Meeting timeline (4)
Planning Commission Meeting - Aug 11, 2026
Renewal of special permit and site plan approvals for 22 apartments over ground-floor commercial, now to include the Field Library, extended to September 10, 2027.
Planning Commission Meeting - Jul 14, 2026
The library wants to move into the renovated ground floor and basement of 41 North Division, needing a floor-area variance; the commission recommended approval to the ZBA.
Industrial Development Agency Meeting - Jun 23, 2026
The adaptive reuse of a former state office building into a new library and 22 affordable apartments got the green light from the Common Council last week; the IDA expects to close the PILOT agreement within 60 days.
Work Session Meeting - Jun 1, 2026
The IDA approved a PILOT for converting the vacant 36,000-square-foot Workers Comp Building into the new Field Library plus 22 affordable assisted-living units, unlocking about $4 million in historic tax credits. Council approval of the PILOT and the negotiated impact fee agreement will be on the June 8 agenda.
Related issues (4)
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