Press release<\/p>\n\n\n\n
BATAVIA, NY \u2013 A proposed $10 million investment to renovate a Town of Batavia hotel is seeking final approval from the Genesee County Economic Development Center (GCEDC).<\/p>\n\n\n\n
The GCEDC\u2019s Board of Directors will consider a final resolution at its March 26 meeting to assist 8250 Park Rd, LLC. The company proposes a renovation of the current 125,000 square-foot hotel at 8250 Park Road. Upon competition, it would operate as a 99-unit Holiday Inn and a 68-unit Candlewood Suites in addition to a renovated water park.<\/p>\n\n\n\n
The improvements are projected to increase the property\u2019s assessed value from $2.5 million to $9.185 million. The combined operations anticipate creating 15 new full-time equivalent (FTE) positions and retain an additional 20 FTEs.<\/p>\n\n\n\n
The resulting project is estimated to produce $9.994 million in future benefits to the local community, including payroll to workers during renovations and 10 years of operations, and increase in property tax revenue and sales tax revenue.<\/p>\n\n\n\n
8250 Park Rd LLC is requesting abatement of the 8% state and local sales tax for construction and equipment estimated at $379,200, abatement of the 1% state and local mortgage recording tax estimated at $50,000. The company is also seeking a Payment-in-Lieu-of-Taxes (PILOT) abating $884,472 of future property taxes toward the incremental increase in assessed value.<\/p>\n\n\n\n
The project is estimated to generate payroll and tax revenues that would result in an estimated $10 local benefit for every $1 of requested incentives. In addition, once ramped up, the project is projected to generate over $123,704 annually in bed tax revenue to the county.<\/p>\n\n\n\n
A public hearing on the proposed project agreements for 8250 Park Road LLC was held in the town of Batavia on October 21st<\/sup>, 2025.<\/p>\n\n\n\n The GCEDC board meeting will be on Thursday, March 26th at 4 p.m. at the MedTech Center\u2019s Innovation Zone, 99 MedTech Drive, Batavia.<\/p>\n\n\n\n Meeting materials and links to a live stream\/on-demand recording of the meeting are available at www.gcedc.com<\/a><\/p>\n\n\n\n Previously:<\/p>\n\n\n\n