Bellefield Announces Intention To Create $500,000 Student Scholarship Program Upon Approval of PILOT Agreement

T-Rex Capital Group, LLC and its Bellefield Development Partners working with the HVEDC and Hyde Park Town Supervisor Al Torreggiani are pleased to announce the intentions to provide a total of $500,000 in student scholarship funds ($25,000 annual scholarship for 20 years) to the children in the Hyde Park Central School District.

The scholarship will be called the Bellefield/Hyde Park Central School District Scholarship Program. This scholarship will run concurrently with the 20-year PILOT (Payment in Lieu of Taxes) Bellefield is seeking for Phase 2 of Bellefield and will total $500,000 over the life of the PILOT. The terms of the scholarship are to be determined in consultation with the Hyde Park Central School District. This scholarship would be created under the approval of the 20-year PILOT.