Saranac Lake hotel projects get priority status for state funds
A pair of Saranac Lake hotel projects have been named to a list of 16 “priority” projects in the region that will vie against others around New York for state economic development funding.
New Hampshire-based Roedel Companies’ plan to buy and rehabilitate the Hotel Saranac, and Lake Flower Lodging, Malone developer Chris LaBarge’s proposed 90-room hotel on the shore of Lake Flower, are among the projects endorsed by the North Country Regional Economic Development Council for the third round of annual funding, according to a press release the council issued this afternoon.
Other local projects on the priority list include phase two of the proposed Wild Walk at Tupper Lake’s Wild Center nature museum, and a building expansion at Bionique Testing Laboratories, which is located in the Adirondack Regional Airport Business Park in Lake Clear.
Garry Douglas, president of the North Country Chamber of Commerce and co-chairman of the North Country Regional Economic Development Council, said in a press release that the council has a “diverse and impactful set of new projects that should prove very competitive.”
The council’s priority projects were chosen, in part, “because they leverage significant private investment and address critical community and economic development needs throughout the seven-county region,” the council said in a release issued Friday.
The council also announced today a list of 11 “other regionally significant priorities and initiatives,” that will be put forward for direct funding, including Trudeau Institute and upgrades to the Whiteface Mountain Veterans Memorial Highway.
Up to $760 million in state funding is available this year. That includes $220 million to implement regional strategic plans and continue to advance priority job-creating projects, and up to $540 million from state agency programs to support regionally significant economic development projects.