Niagara Gazette

Local News

May 8, 2013

Hotel project approved

Niagara Gazette — A downtown hotel project will get a boost from the Niagara County Industrial Development Agency.

Plati Niagara Inc., a hotel management company owned by local hoteliers, the Strangio family, will benefit from a 10-year payment-in-lieu-of-taxes agreement on a new, high-end hotel project it is planning to undertake on Rainbow Boulevard. The NCIDA's board of directors voted Wednesday to unanimously approve the sales tax and mortgage recording tax exemptions for the project. 

Frank Strangio, vice president of the family's hotel business, said he is planning to sign a contract on his desk that will make the planned 110-room hotel a Wingate by Wyndham franchise.

"There is a demand for a little bit of a higher end property," Strangio said.

Strangio said the tax breaks will be important in helping the new business "keep its head above water.

"These incentives are important because when you are building a new business it can be difficult to get on your feet," Strangio said. "If a new project doesn't come up or the business fails then there is no tax benefit for the taxpayer."

The Strangio family owns and operates the Quality Inn Hotel and Antonio's Banquet and Conference Center on Niagara Falls Boulevard.

The tax incentives will save the family about $1.5 million during the course of the 10-year PILOT while NCIDA officials estimate the project will provide about $1.9 million in community benefit.

Scott Kiedrowski, the NCIDA board's chairperson, said providing high-end accommodations will help the Falls grow its tourism sector.

"I really believe it's in the best interest of the community to have another hotel to service the masses of people that they claim come to the Falls," Kiedrowski said.

Kiedrowski said the board's decision to approve the tax break was unrelated to Gov. Andrew Cuomo's announcement that the state would provide $10 million for the Robert Moses Parkway South project as part of the "Buffalo Billion" initiative, but that project will only help hotel projects in the city.

"It dovetails perfectly into that announcement yesterday that some of the Buffalo billion is going to be coming to Niagara Falls to work on the parkway," Kiedrowski said. "Some feel it's a barrier. If in fact it is, it will be removed and that will hopefully bring some more tourism down to the Falls."

Contact reporter Justin Sondel at 282-2311, ext. 2257

1
Text Only | Photo Reprints
Local News
Featured Ads
Seasonal Content
House Ads
AP Video
13 Struck by Lightning on Calif. Beach Baseball Hall of Famers Inducted Israel, Hamas Trade Fire Despite Truce in Gaza Italy's Nibali Set to Win First Tour De France Raw: Shipwrecked Concordia Completes Last Voyage Raw: Sea Turtle Hatchlings Emerge From Nest Raw: Massive Dust Storm Covers Phoenix 12-hour Cease-fire in Gaza Fighting Begins Raw: Bolivian Dancers Attempt to Break Record Raw: Israel, Palestine Supporters Rally in US Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow Raw: Deadly Tornado Hits Virginia Campground Ohio State Marching Band Chief Fired After Probe Raw: Big Rig Stuck in Illinois Swamp
Opinion
House Ads
Night & Day
Twitter News
Follow us on twitter
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Front page
Poll

Do you think cigarette sales to non-Native American customers should be taxed on reservations?

Yes. Items should be taxed like they are everywhere else.
No, the indian reservations are sovereign land and they are selling them on their land.
Not up to me. Native Americans decide the rules on their land.
Don't care. Smoking isn't good for you.
     View Results