Local

Holiday Inn owners seek tax exemption for expansion project

This rendering is from the corner of Clinton and S. Cayuga looking northwest. The new tower is in the foreground, existing tower in the back ground./Provided by Hart Hotels

Holiday Inn owners seek tax exemption for expansion project

The proposed expansion of the Holiday Inn in Downtown Ithaca is getting closer to reality.

The owners of the Holiday Inn want to add a new tower to the north of the existing building that will serve as a conference center, along with a southern tower that will add more rooms to the hotel.

The developers are seeking a tax break through the City of Ithaca’s Community Investment Tax Abatement Program.

The future Marriott Hotel on the east end of the Commons was awarded a 10-year tax abatement under that program.

David Hart, President and CEO of Hart Hotels, says the hotel will be closed from November 2013 through April 2014.

“There’s a sigificant amount of economic harm we’re doing  while we’re closed,” Hart said.

Hart said the company is footing the cost for capital and operating expenses, and so they’re asking the community for a tax break in return.

“We’re doing that and in effect taking the community off the hook for those obligations, and so we’re looking for a little bit of assistance from the community to help us get that facility up and running,” he said.

Hart said they plan to start construction in November.

A public information session on the proposed reconstruction and the tax abatement program takes place Monday at city hall at 5:30, 108 E. Green St.

More Local Headlines

yesterday in Local

Buffalo Bills cheerleaders halt season after suit

buffalo_jills

The Buffalo Bills cheerleaders will be making no appearances this year.

yesterday in Local

At least one injured in head-on crash in Dryden

car_accident

One person was hospitalized following a two car head on collision in the Town of Dryden Wednesday.

yesterday in Local

22 groups bidding for NY casino license

casino

22 contenders are hoping to win the right to open a casino in upstate New York, including hometown business owners as well as gambling giants like Caesars, Genting Group and Foxwoods.

yesterday in Local

Schumer: FDA backing off spent grain proposal

schumer

Sen. Charles Schumer says federal regulators have agreed to back off a proposal the nation's craft beer brewers said would hurt their businesses.

yesterday in Local

FLLT gets state funding for conservation

forest

Governor Cuomo has announced $1.4 million in conservation grants for 50 nonprofit land trusts across the state.