One story this week. It's about Playland. Not the rides. Not the beach. The money.
Story: The Playland Arbitration Tab
Westchester County is closing out a dispute with Standard Amusements, the private operator that was supposed to manage Playland. The relationship collapsed. It went to arbitration. The arbitrators found Standard in default, found they had effectively abandoned Playland, and yet under the terms of the contract the County still owed liquidated damages.
The total bill: roughly thirty six and a half million dollars. The County has already paid thirty six million in two installments across 2025. The remaining balance of $519,294 is described as interest on the liquidated damages.
The February 9 Board of Legislators agenda included three linked actions to close the books: a 2025 operating budget amendment, a capital budget amendment increasing the Playland appropriation from $12 million to $39.7 million, and a bond act amendment raising authorized bonds to $36.5 million. These are general obligation bonds, payable by a tax levy on property owners.
Two details worth your attention. First, the original contract included an 18 percent interest rate compounding annually if payment wasn't made within the contract window. The County says it moved quickly to reduce exposure, and the math supports that. But the question stands: who approved those risk terms, and what prevents similar traps in future vendor disputes? Second, the budget mechanics involve reclassifying costs from operating to capital accounts to enable bonding. That's not unusual for governments, but it changes how the budget reads going forward, and residents should understand when it's happening.
Board meeting minutes from this session are not yet finalized. Treat this as the financing phase, not the final word. We'll stay on it.
Sources
Westchester County Board of Legislators February 9, 2026 meeting agenda
County transmittal letter, bond act documents, and budget amendments for Playland arbitration
County bond act referencing general obligation status and interest rate terms
Connect
Website: iliveherewestchester.com
Got a story? Reach out.
I Live Here Westchester is a production of I Live Here Media.
We spotlight the voices, visionaries, and stories that make Westchester County more than just a place to live—it’s a place to belong.
Have a guest suggestion or want to partner with us?
Email: jimjockle@iliveheremedia.com
Website: www.iliveheremedia.com
Follow us on Instagram: @iliveheremedia
Subscribe, rate, and share to support local storytelling.
