General Electric's Crotonville campus sold for $22M. What's next for the Ossining property

General Electric’s former Crotonville training center/retreat in Ossining has sold for $22 million and will be a conference center, according to officials and county records.

The 60-plus acres were sold to Crotonville Owner, a limited liability company, documents recorded April 3 with the Westchester County Clerk’s office show. Pyramid Global Hospitality, whose portfolio includes management of conference centers, hotels and resorts around the world, will operate the facility.

Could the GE Global Learning campus sale impact taxes?

The sales price was well below the former GE Global Learning campus property’s most recent $73 million valuation, so it could potentially contribute less in taxes than in the past.

Property taxes go to municipalities, school districts and the county.

“We are excited that it’s staying on the tax rolls and it’s going to be a conference center,” said Ossining Town Supervisor Elizabeth Feldman, adding that things are at early stages and the new tax figure hasn’t been determined.

Recent property taxes came to more than $2 million for the property, which is comprised of several parcels. Feldman said officials hope to have a new tax figure by June's tax roll or September's final roll.

The future of the former GE Global Learning campus

Feldman said the conference center will be open to use by, for instance, corporations coming out of New York City that want to use space for team building.

For decades, the campus — about 41 miles north of New York City — was the G.E. Global Learning Crotonville Leadership John F. Welch Center. Jack Welch was G.E.’s longtime chief executive during a time when the company grew to become the world’s most valuable, its market capitalization rising to $410 billion from $14 billion, USA TODAY reported.

“We would like to thank General Electric for its decades of commitment to, and cooperation with, the town of Ossining,” a town statement said. “We welcome Pyramid Global Hospitality to our community and look forward to developing a similarly collaborative relationship to maximize the utility of this unique, beautifully-developed property as a conference center and potentially expand it to other uses that will benefit town residents and the public in sharing in the appreciation and enjoyment of this property.”

The facility and its Crotonville name has “notable recognition within the corporate learning community,” said Dan Paradiso, regional vice president of sales and marketing with Pyramid Global Hospitality.

In the future, Pyramid Global aims to offer “complete meeting packages (CMP) for multi-day events including guest rooms, meeting space, A/V, and culinary creations,” Paradiso said by email through a spokesperson. “And day meeting packages (DMP) for one day meetings without overnight accommodations.”

The current layout and design “is idyllic for multiple concurrent conferences in the same day as well as potential buy-outs,” he added. “As we continue to receive client feedback and suggestions, we always be looking to evolve the campus as needed.”

Michael McKinney covers growth and development in Westchester County and the Lower Hudson Valley for The Journal News/lohud.com and the USA Today Network.

This article originally appeared on Rockland/Westchester Journal News: Ossining NY General Electric campus sells for $22 million