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News stories tagged with "empire-state-development"

The sign above the Hotel Saranac has long welcomed visitors, but for years the destination has been in decline. Photo: Susan Waters
The sign above the Hotel Saranac has long welcomed visitors, but for years the destination has been in decline. Photo: Susan Waters

Gov. Cuomo takes personal interest in Hotel Saranac deal

Gov. Andrew Cuomo has taken an interest in a New Hampshire-based company's plan to buy and renovate an iconic hotel in downtown Saranac Lake. The governor participated in a conference call Monday about Roedel Companies' proposal to acquire the Hotel Saranac.

On Tuesday, Cuomo dispatched the head of Empire State Development to Saranac Lake for a meeting with the project's developer, who's seeking $5 million from the state.

The pending sale of the Hotel Saranac is one of two major hotel deals announced within two weeks of each other this summer in Saranac Lake. Both projects have been generating a lot of interest and plenty of enthusiasm in the community.  Go to full article

$1 million in seed money to help Adk hamlets grow

Sustainable development was the buzz-phrase at a high-level gathering yesterday in Lake George. Some of the Spitzer administration's most powerful officials unveiled a million-dollar grant program designed to help Adirondack communities improve their economies. As Brian Mann reports, some local leaders hope the money will help hamlets in the Park expand their borders.  Go to full article

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