Cuomo announces Trudeau partnership, Saranac Lake hotel support
LAKE PLACID – Gov. Andrew Cuomo brought early Christmas gifts to the Adirondacks this afternoon, announcing a biotech partnership, an upgrade of the Whiteface highway and a show of support for two Saranac Lake hotel projects.
The biotech partnership would be between the state, Trudeau Institute of Saranac Lake and Clarkson University of Potsdam. The state is pledging $35 million to the effort over three years, Cuomo said.
Cuomo also said the state will spend $12 million to repair the toll road up Whiteface Mountain in Wilmington, the toll house at the road’s base, the castle at its top end and an elevator inside the mountain, leading to its summit. The funds will come from NY Works, the governor’s infrastructure program.
The governor also said the state will do everything it can to make two Saranac Lake hotel projects a reality. The Roedel family is asking the state for $5 million to buy and renovate the iconic Hotel Saranac which looms amid the village’s downtown, and Malone-based developer Chris LaBarge is asking the state for $2.2 million to help build a high-end hotel on the shore of Lake Flower.
Cuomo made the announcements at a press conference this afternoon at the Conference Center at Lake Placid.