POUGHKEEPSIE – After a two-month delay for further review, the Dutchess
County Industrial Development Agency Tuesday approved financial incentives
to Empire Hotel Development so the company can build a 93-room Hyatt hotel
in the Spackenkill area of the Town of Poughkeepsie.
The incentives include sales tax and mortgage recording tax exemptions.
The IDA delayed final approval this spring because retail projects may
not receive incentives. There is, however, an exclusion for hospitality
applicants if it can be proven that they would have a direct impact on
tourism in the area.
The facility will be built on an 8.4 acre parcel of land.
