Queensbury Hotel Ballroom Extension Tax Exemptions | Local

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GLENS FALLS – The city’s Industrial Development Agency is considering extending a series of tax breaks to the owners of the Queensbury Hotel to help cover the costs of a 3-year ballroom expansion project, $ 8 million, which hotel management says will give the city a huge boost.

The hotel is asking for a sales tax exemption of $ 105,000 and a mortgage tax exemption of $ 44,000 to help cover the costs of the 5,200 square foot expansion, which has gone from $ 1.75 million due to supply chain issues caused by the pandemic.

When complete, the expanded ballroom will be able to accommodate wedding receptions for more than 300 guests and cocktail parties with up to 700 people, according to Tyler Herrick, the hotel’s general manager.

The plans, approved earlier this year by the city’s planning council, also call for a new banquet kitchen and minor renovations to the existing ballroom layout. The hotel currently operates its existing restaurant, pub and ballrooms from the same kitchen.

The larger space will not only allow the hotel to accommodate larger functions, but also meet a growing need for conferences and conventions, which typically last for several days and often bring guests during the week. The hotel turned down $ 700,000 in business last year due to lack of space, Herrick said.

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“What we’ve seen over the past five years is a huge demand… for events,” he said. “About 60% of our business model is made up of weddings, social gatherings and corporate functions, and as we’ve been able to grow over the past five years, we’ve seen a lot more big conventions. “

The renovations are expected to create 25 part-time and full-time jobs at the hotel, Herrick said, although he noted that number could end up being higher. The hotel currently has around 80 people.

The ballroom expansion, slated to begin next year, is the latest in a series of renovations the historic hotel will undergo since businessman Ed Moore acquired the property five years ago. years.

The hotel’s 123 rooms have been renovated, along with the existing hallways, lobby and office spaces.

IDA previously granted the hotel a series of tax breaks in 2017, including a 10-year payment in lieu of tax agreement, to help cover renovation costs.

If the new tax breaks are approved, the terms of the hotel’s existing PILOT will not change, said Judy Calogero, president of IDA.

Herrick said the hotel is already taking reservations for the new ballroom.

He added that only a handful of properties in the area can accommodate large receptions and most cater to seasonal visitors.

The city’s downtown draws visitors all year round, and many patrons end up spending money at local restaurants and businesses when they visit, Herrick said.

“I think downtown is a huge asset to us that a lot of these other properties don’t have,” he said.

IDA members supported the tax breaks, including Mayor Dan Hall.

“Adding more facilities, more space for us to have bigger events, again that’s a no-brainer,” he said. “I am very supportive of this and I am very supportive of the work they have done.”

A public hearing on the tax breaks is expected to be announced in the coming days.

Chad Arnold is a reporter for The Post-Star and covers the town of Glens Falls, the Town and Village of Lake George, and the Washington County Government. Follow him on Twitter @ChadGArnold.


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