The Board of Directors of the Seneca County Industrial Development Agency voted 6-0 Thursday to approve an initial inducement resolution to provide financial aid to the Rochester developer of a proposed new, 150-room hotel that would be attached to the del Lago Resort & Casino in Tyre.
Indus 414 LLC, a subsidiary of the Indus Hospitality Group, applied for the aid for the six-story hotel. The IDA is considering providing the company with a Payment In Lieu Of Taxes (PILOT) agreement, a sales tax exemption and a mortgage tax exemption for the project.
Approval of the inducement resolution calls for the preparation of a cost-benefits analysis, a State Environmental Quality Review Act process and a public hearing, which will be scheduled soon. The financial aid could then go to the full board for final approval in October.
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