Tag: ncida

    Hotel project eyed for Rainbow Boulevard

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    From the Niagara Gazette:

    Another new hotel project is in the works in the city of Niagara Falls.

    The board of directors for the Niagara County Industrial Development Agency is expected to consider an application for assistance today from Plati Niagara Inc., LLC, a firm owned by the Strangio family, operators of the Quality Inn Hotel franchise and Antonio’s Banquet and Conference Center on Niagara Falls Boulevard.

    A released issued by the NCIDA on Tuesday said Plati Niagara plans to construct an “upscale hotel under a national franchise” on a parcel of land located at 333 Rainbow Blvd. in Niagara Falls.

    Hotelier hopes to bring Comfort Inn to 6115 NIagara Falls Blvd

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    From the Niagara Gazette:

    Niagara Gazette — Niagara Falls may have another 100 hotel rooms soon.

    The Niagara County Industrial Development Agency expects to receive an application for assistance for consideration from hotelier Ali Rizek, who intends to build a Comfort Inn on an empty lot at 6115 Niagara Falls Blvd. at their monthly meeting this morning.

    The Rizek family owns the Econoldge next door and has been in the hotel business for more than 30 years, according to a press release from the agency.

    Canadian group eyes two Falls hotels

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    From the Buffalo News:

    The Niagara County Industrial Development Agency is considering tax breaks to help a Canadian company reopen two Niagara Falls hotels.

    The IDA board accepted applications Wednesday from the Merani Group of Companies, based in Niagara Falls, Ont., for payment-in-lieu of taxes arrangements, or PILOTs, to help it buy the former Inn on the River and the former Fallside Inn.

    In both cases, the Merani Group asked for 15-year PILOTs, but in the case of the Fallside, which may be demolished in whole or in part, the IDA voted to offer as many as five years fully tax-free instead of making the company pay a percentage of the full taxable value.

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