Almost ten percent of the entire North Country flow of state development dollars will flow to one small village in the Adirondacks.
Under the plan unveiled today, Saranac Lake will receive $7.1 million to promote construction and redevelopment of two hotels.
“We are thrilled and thankful for these awards and, now, an epoch of progress and prosperity is at hand for Saranac Lake,” said village Mayor Clyde Rabideau in a statement.
Saranac Lake has long been viewed as a popular visitor destination — for events like the Winter Carnival and access to the Saranac Lake chain and other outdoor destinations.
But the village has lacked modern, high-end hotel accommodations that industry experts say are needed to boost a tourism retail economy.
This funding aims to address that with support for two highly-anticipated — though also controversial — projects.
- $5,000,000 to revitalize the Hotel Saranac, creating a full-service hotel to spur year-round tourism.
- $2,000,000 to construct a new resort and waterfront restaurant at the former Lake Flower Hotel, and leverage private investment to diversify the region’s tourism/recreation based communities.
Chris Knight will have more on this story tomorrow morning during The EIght O’clock Hour.