Destiny USA, the largest shopping center in New York State, renewed its request for a tax deal with the Onodaga County Industrial Development Agency for the construction of an attached hotel.
In 2014, Destiny USA proposed building a 250-room, hotel for $75 million, but has since downsized its plans. Now, the company is asking for an estimated $6.8 million in tax exemptions over the next 12 years from the New York county to build a 209-room hotel for $48 million. If accepted, Destiny promises that 15 percent of the 225 construction jobs required for the project will go to minority or women-owned businesses, while 50 to 70 percent of the permanent jobs created at the hotel will go to residents of the nearby city of Syracuse.
If they fail to meet these projections, the company will face fines.
The shopping center already receives hundreds of millions of dollars in tax breaks. A hearing will be held over the next 10 days to review the deal.