»

Second public hearing held on Shakelton Inn tax abatement request by Inns of Aurora

A second public comment session regarding the Inns of Aurora's requested tax abatement for their Shakelton House Project was held during a regular Cayuga County Industrial Development Agency meeting on Tuesday.

An initial public hearing was held in the village of Aurora on March 22. The comment period during the CCIDA meeting was held to continue discussion on the issue and allow written comments to be sent to the agency. More than 20 community members attended the public comment period and CCIDA said at the meeting that it received 35 to 40 letters.

During the public comment period on Tuesday, Tracey Verrier, executive director of the County Economic Development Agency, explained the tax exemption requests for the project, based off the project's total budget of $5,987,000. The Inns are requesting both a standard 10-year PILOT agreement that would save them about $200,000, as well as a sales tax exemption for materials purchased during the construction period, which would amount to about $360,000. If both requests were approved by the county, the Inns would receive a total tax exemption of $560,360 by the end of the PILOT.

A large majority of those at the meeting supported the county approving the tax exemptions.

The Citizen:
Read More

Also on FingerLakes1.com