Tag: niagara county industrial development agency

    New Falls hotel planned

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    From the Niagara Gazette:

    Niagara Falls could soon see another new hotel.

    The Niagara County Industrial Development Agency’s Board of Directors voted unanimously Wednesday to accept an application for a 10-year payment-in-lieu-of-taxes agreement from Sunrise Lodging, LLC, a local firm that plans to build a 72-room Comfort Suites hotel on Niagara Falls Boulevard between 70th and 71st streets.

    The company purchased the vacant land in 2007.

    Former Snow Park Gets New Life

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    From WIVB CHannel 7 in Buffalo:

    The site of the former Snow Park in Niagara Falls is getting new life again. Smokin Joe Anderson scrapped the Snow Park idea and created a Native American themed destination. Now a report in this week’s Business First says he plans to put athletic fields on the site.

    The outdoor rink is now a lacrosse and soccer complex. Anderson is also working with the Niagara County Industrial Development Agency on plans to turn the vacant Tele-Tech building on First Street into a retail complex.

    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.

    Hotel project gets unusual tax break

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    From the Buffalo News:

    The Niagara County Industrial Development Agency granted an unusual tax break Thursday that will allow a Canadian company to avoid property taxes for five years on a Niagara Falls hotel to help it buy and rebuild the closed facility.

    The developer, Merani Hospitality, must meet certain levels of investment to receive the full tax break for five years on the former Fallside Hotel at 401 Buffalo Ave.

    The tax break is also tied to another project by the same hotelier to buy and reopen the former Inn on the River at 7001 Buffalo Ave.

    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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