Feb. 03: Tuition hike likely at UAlbany. WEATHER. Grand Adirondack Hotel and other Lake Placid stays. Moreau and Big Boom.
Executive Summary: A regional run-down of today's top business news.
Weather: The temperature has dropped from about 17 degrees at 4:30 a.m. today to 5 degrees now, and the windchill is at about -4 degrees.
FoothillsBusinessDaily.com have a list of Warren and Washington County warming places here. The Daily Gazette has Schenectady County here.
ABJ, FBD: Lake Placid or Bust
In the town of North Elba on the shores of Lake Placid rises the 185-room, $35 million Cambria Hotel. It’s part of he bullish nature of development in the heart of the Adirondack Park’s High Peaks Region, says a story in the Albany Business Journal. Private investment in hotels alone hit about $125 million in the three years before the start of the FISU World University Games last month. the story says. The state threw in another $500 million toward the sports venues.
[See our previous coverage of development pre-FISU games here.]
At FoothillsBusinessDaily.com, we will have more stories on this topic ourselves, but we wanted to take a moment to thank the Grand Adirondack Hotel in the center of the Village of Lake Placid. With Lake Placid tourism they put us up for a night last December so we could tour the area and see all the development before the university games began.
The Grand Adirondack had gone through and ownership change and a renovation before the games, though Steve Vance, the director of sales, said that was related more to the timing of the purchase, not the games themselves. The renovation has turned the hotel into a European-style “grand” hotel in Marriott’s Tribute branding. It features a pub and restaurant on street level, a banquet room for weddings, and will eventually have rooftop dining.
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