SIDA

3:56pm

Thu July 3, 2014
Business

City seizes Hotel Syracuse through eminent domain

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.

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8:21am

Wed December 18, 2013
Business

Syracuse takes "first step" toward seizing old Hotel Syracuse

This will hopefully be the last winter the old Hotel Syracuse sits empty, economic development officials say.
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.

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1:11pm

Tue December 17, 2013
Business

SU bookstore project will meet deadline to keep tax break

An artist's rendering of the future Syracuse University bookstore complex
Cameron Group, LLC.

The developer behind a new bookstore and fitness center for Syracuse University will meet its construction deadline and get to keep tax breaks from the city.

Tom Valenti of the Cameron Group says they’ll break ground this week on the facility, which will be located just off of SU’s campus. They had until Friday to do so or lose the 30-year property tax break it won from the city in August 2012.

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8:07am

Wed June 19, 2013
Regional Coverage

Syracuse agency hopes change in rules means more business for regional contractors

The Inner Harbor development is one the local projects SIDA is currently supporting.
Credit 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.

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4:29pm

Tue April 2, 2013
Business

Destiny USA and Syracuse reach deal to avoid legal battles

The Destiny USA shopping mall in Syracuse, N.Y.
Destiny USA

For the first time in Bill Ryan's 10 years of public service, Syracuse and the owner of the Destiny USA mega-sized shopping mall are not facing legal action. Ryan is a former common councilor and now chief of staff for the mayor and chairman of Syracuse Industrial Development Agency (SIDA), the city's development arm.

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8:43am

Wed November 14, 2012
Regional Coverage

Affordable housing will replace old Syracuse north side brewery

A rendering of the housing project, called Otisca Commons, to be built at the old Ryan Brewery site.
Housing Visions

An affordable housing organization is moving forward with plans to build a mixed-use, low-income housing project on Syracuse's north side where a brewery once stood.

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