Hotel Syracuse

Ellen Abbott / WRVO

An officially designated convention center hotel in Syracuse has been a goal of Onondaga County officials for decades. It looks like they’ve found it in the soon-to-be renovated Hotel Syracuse.

Onondaga County lawmakers Tuesday designated the Hotel Syracuse as the convention center’s official hotel. It’s a key move in rehabilitation of the hotel, which has been shuttered for a decade.

Legislator Kathy Rapp says the county legislature’s move ultimately unlocks some state money developer Ed Riley will be able to use, as he plans to bring the landmark back to life.

Ryan Delaney / WRVO

The Hotel Syracuse is receiving a multi-million dollar state grant through New York’s competitive economic development funding program. The project is part of $80.2 million in funding central New York won.

Central New York’s regional economic development has been named a "top performer" for the third time in four years in the state’s flashy economic development funding program. It competes against other regions of the state for aid. The state gave out $709 million in all.

Ellen Abbott / WRVO

Preservationists and Syracuse-area economic development specialists are uniting to try and save a federal tax credit that’s helped renovation of historic buildings.

They made the push  from one of the grandest rooms in an historic building that turned 90 years old this month, the Hotel Syracuse.

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.

Ryan Delaney / WRVO

Syracuse economic development officials have taken “the first step” toward taking ownership of the old Hotel Syracuse so it can be re-opened, in hopes this will be the last winter it sits dormant.

The construction that will re-open the shuttered building is still months away, though, as bureaucracy has to work its course first.

Syracuse Mayor Stephanie Miner says the city isn't giving up on the latest proposal to renovate the Hotel Syracuse. A plan for the city to take over the tax delinquent property stalled last week when, Financitech, which holds the mortgage on the hotel, paid back taxes at the last minute.

For the second time in less than two years, back taxes have been paid on the Hotel Syracuse, effectively scuttling plans for the city of Syracuse to take control of the property, and sell it to a developer. So, city officials are now looking at a "Plan B."

Ellen Abbott/WRVO

Sen. Charles Schumer is bringing his influence to the latest plan to revive the Hotel Syracuse.  The Democrat senator believes a federal tax credit program would help draw investors that would be willing to spend the millions it would take to restore the Warren Street historic landmark.