Saranac Lake Hotel Projects Win State Grant Funding
“An Epoch of Progress and Prosperity is at Hand” Declares Mayor
SARANAC LAKE—Dec 11—Today, at the state capitol complex in Albany, Governor Andrew Cuomo announced that two hotel-resort projects proposed for Saranac Lake will be granted a combined $__7.1 MILLION____ in state economic funding for the coming year.
The Roedel Companies will receive $__5 MILLION_____ to renovate and resurrect the historic Hotel Saranac in the village’s downtown, while Lake Flower Lodging partners will receive $__2.1 MILLION___ to build a 90-room destination resort on the lake which bears the partnership’s name and bisects the largest community in the Adirondacks and accesses a 30-mile “chain of lakes.”
Present at the ceremony was village mayor, Clyde Rabideau, who, upon hearing the announcement, declared, “We are thrilled and thankful for these awards and, now, an epoch of progress and prosperity is at hand for Saranac Lake, ‘The Capital of the Adirondacks.’”
The Roedel Companies applied for a total of $5 Million in state funding for the refurbishment of the iconic 8-story hotel, situated in the village’s heart and having a famous rooftop sign—visible from miles away—and the construction of an adjacent parking garage.
The Lake Flower Lodging partners applied for $2.2 million in state funding to facilitate the demolition of 3 motels currently occupying the site, construction of a luxury hotel facility and a “stand-alone” lakeside restaurant with public docking. Said Rabideau, “Combined, these two hotel resorts will solidify Saranac Lake’s place in the top tier of Adirondack destinations and position our village for sustainable success because their whole—together—is far greater than each standing alone.”
Additional details of the awards will be forthcoming.