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Agency approves tax-exemption package for Utica Harbor Lodging Group LLC
Summary
The agency approved a final authorizing resolution granting sales tax and mortgage-recording tax exemptions and a 24-year real property tax reduction for Utica Harbor Lodging Group LLC; the financial assistance deviates from the agency's uniform tax exemption policy and follows a public hearing on Feb. 28, 2025 with no public comment.
An unnamed board approved a final authorizing resolution on a financial assistance package for Utica Harbor Lodging Group LLC that includes sales tax exemptions valued at $2,143,751, mortgage-recording tax exemptions valued at $261,000 and a reduction in real property taxes for 24 years valued at $11,078,436.
The action is a deviation from the agency’s uniform tax exemption policy and follows a public hearing on Feb. 28, 2025, that drew no public comment. Speaker 4, a…
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