Ben Walsh

George F / via Flickr

Syracuse lawmakers agreed to a pilot program Monday that will ease the tax burden for developers renovating the historic Hotel Syracuse.

City Deputy Commissioner for Development Ben Walsh says this is a big step in moving the project forward.

“The project is complicated, and frankly, as expensive as this, it needs as much certainty and predictability as possible," Walsh said. "And that’s what the pilot provides. It provides a certain payment for a period of time when the hotel is most vulnerable in it’s initial years of operation.”

Ryan Delaney / WRVO

The City of Syracuse has used legal channels to take control of the Hotel Syracuse after several efforts to redevelop the historic downtown lodging site have failed.

Syracuse and its economic development arm, the Syracuse Industrial Development Agency, transferred title of the property to the site's developer, Ed Riley.

Ellen Abbott/WRVO

Syracuse City Hall is taking the next step in the development of the Inner Harbor. The Syracuse Industrial Development Agency has started the environmental review portion of the project, that would bring residential and commercial traffic to Syracuse's Inner Harbor.

Ellen Abbott/WRVO

Local contractors and suppliers will get a boost from a new policy in the city of Syracuse.   

The Syracuse Industrial Development Agency has adopted new rules when it comes to developers who are supported by the agency. They have to buy local, so to speak, says SIDA executive director Ben Walsh.