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MORNING NEWS: IDA Board to Act Today on Hotel Tax Incentive Proposal

WRFA Radio — Tue, 17 Sep 2013 13:52:36 +0000

JAMESTOWN – The Chautauqua County Industrial Development Agency will decide later this morning whether or not to give a hotel developer tax incentives on the construction of a new hotel in the town of Ellicott.

The Payment in Lieu of Taxes, or PILOT, proposal would give Boxwood Hotel LLC as much as 15 years worth of tax breaks if the full proposal is granted by the IDA. Boxwood is looking to build a 70-room Holiday Inn Express on Route 60 near Exit 12 of I-86.

Town of Ellicott officials are in support of granting the full proposal to Boxwood Hotel. However, the city of Jamestown has come out against granting any type of tax break for the business, claiming that such incentives would go against state rules pertaining to IDAs. WRFA has learned that Jamestown may possibly even take legal action to challenge the IDA, should it move forward and grant a tax incentive to the hotel developer.

In his most recent Monday Morning Memo e-newsletter, Chautauqua County Executive Greg Edwards has come out in support of giving the tax break to Boxwood Hotel LLC. He claims that the incentives are important to because they will help to spur further economic development and job creation in that area of the county.

Boxwood Hotel also owns the Hampton Inn located at Exit 12 in the Town of Ellicott and the Best Western on Third Street in Jamestown.

The IDA board has the option of giving the fully requested PILOT to the hotel developers, amending any portion of the package, or withholding the tax break entirely. Today’s meeting begins at 10 a.m. and will take place at the IDA offices on Harrison St. in Jamestown. It is open to the public.

MORNING NEWS: Public Hearing on North Main St. Hotel is Today

WRFA Radio — Tue, 10 Sep 2013 14:30:03 +0000

FALCONER – The effort to build another hotel on North Main Street extension near the entrance and exit to I-86 is moving forward.

During a recent meeting of the Chautauqua County Industrial Development Agency, the board approved preliminary action toward the acquisition and straight leasing of the project, which is a proposed Holiday Inn Express by Boxwood Hotel, LLC. In all, the hotel will cost $4.9 million to construct and include more than 70 rooms.

A public hearing on the Hotel development project will take place Tuesday at 5 p.m. in the Ellicott Town Hall building on South Work St. in Falconer.

MORNING NEWS: IDA to Hold Public Hearing on Proposed Hotel on Sept. 10

WRFA Radio — Tue, 27 Aug 2013 14:51:11 +0000

JAMESTOWN – A public hearing will be held next month on the proposed hotel project for Exit 12 along Interstate 86. That’s according to the Jamestown Post-Journal, which is reporting today that the public hearing will be held at 5 p.m. Tuesday, Sept. 10, at the Ellicott Town Administration Building in Falconer.

The new hotel project is being proposed by Boxwood Hotel LLC. The company also owns the Hampton Inn located at Exit 12 and the Best Western along West Third Street in Jamestown. A Holiday Inn Express is the proposed new hotel.

After the public hearing is held, the county IDA Board of Directors will then decide if it should give tax abatement incentives for the project to Boxwood Hotel.