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Developers report progress, floodplain redesign for planned hotel; INHS timeline may push affordable component to 2026–27
Summary
Developers reported to the Ithaca Redevelopment Agency that the proposed Academy Hotel project has advanced design work after a new floodplain map required a re‑design from five stories to four, while partner Ithaca Neighborhood Housing Services (INHS) said it cannot apply for funding until 2026 with possible approvals in 2027.
Developer representatives updated the Ithaca Redevelopment Agency on Jan. 14 about the status of a proposed hotel project and a possible joint venture with Baywood Hotels, saying engineering and a redesign prompted by a new floodplain map remain the main near‑term tasks.
Why it matters: The project involves private developers, a hotel operator (Baywood Hotels) and a planned affordable housing partner, Ithaca Neighborhood Housing Services (INHS). The timing of INHS’s ability to apply for affordable‑housing funding affects whether the project moves forward as a…
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