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Utica IDA holds public hearing on proposed Utica Harbor Lodging Group leaseback, tax exemptions for new apartments and hotels
Summary
Jack Spathe, executive director for the Utica Industrial Development Agency, opened a public hearing on a proposed leaseback transaction tied to the Utica Harbor Lodging Group project at Utica Harbor Pointe.
Jack Spathe, executive director for the Utica Industrial Development Agency, opened a public hearing on a proposed leaseback transaction between the agency and Utica Harbor Lodging Group LLC, saying, “We’re here for a public hearing as it relates to Utica Harbor Lodging Group.”
The proposal described to the agency calls for the acquisition of roughly 20 acres at Wells Avenue in the Utica Harbor Pointe area and for development of two connected projects: a residential building of approximately 82 market-rate apartment units with parking, storage, a fitness center and common-area amenities; and two extended-stay hotels, each with…
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