Holiday Valley and Olean Manor Seek Tax Breaks for Nearly $6 Million in Investments | Business premises


Holiday Valley Resort in Ellicottville and Olean Manor in Allegany are planning expansion projects in Cattaraugus County that could see new amenities and renovations at the ski resort and a new adult daycare center and independent living cabins for the community seniors.

Both are seeking tax breaks from the Cattaraugus County Industrial Development Agency to support their combined investment of nearly $6 million.

Holiday Valley – under Win Sum Ski Corp. – intends to spend $2.94 million to purchase new equipment and make minor upgrades to station buildings.

He’s asking for $235,000 in sales tax relief for purchases, which will allow him to “maximize his investment, provide a better customer experience and attract additional customers to the resort,” he says in Requirement. Nearly 90% of the investment is for equipment, with only $100,000 for renovations and $225,000 for infrastructure.

Located in Ellicottville, the 4-acre Holiday Valley Aerial Adventure Course has 13 courses comprised of a series of platforms, bridges, and ziplines.

Harry Scull Jr.

Founded in 1957, the 1,400-acre, year-round resort attracts visitors from New York, Pennsylvania, Ohio and southern Ontario with its ski slopes, 18-hole golf course, its two hotels, its 150 rental properties and its fleet. The station employs 661 people.

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Trees are ablaze with color around the Cindy’s Run chairlift in Holiday Valley, Friday, October 2, 2020.

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Olean Manor, which operates the 30-acre Field of Dreams seniors’ residence in Allegany, is expanding its services and amenities for seniors by converting its existing maintenance building into an adult social day care center and then constructing a new maintenance facility. . Work began in the third quarter of last year.

Additionally, it is developing a set of 10-12 independent living cabins for the elderly as a new offering.

“It is important that we help meet the needs of older adults in Cattaraugus County. We feel called to do so,” the company wrote in its application to the CCIDA. “It is equally important that we receive the necessary support to grow and develop. »

Project costs include $2.5 million to build 19,200 square feet of new space and $200,000 to renovate 2,400 square feet. He is seeking at least $183,600 in tax and land relief for the $2.8 million project at 3260 N. Seventh St., to compensate for “unusually high labor rates” and shortages in the county, as well as the low incomes it provides.

“Health care salaries in Cattaraugus County are extremely competitive,” the company wrote in its CCIDA application. “Building a care team of employees is very expensive.”

The CCIDA Board of Directors will meet on May 24th.

Last month, the CCIDA approved nearly $450,000 in sales, mortgage registration and land tax relief for a mixed-use project in Olean by Mike Lesakowski and Donald Benson.

Through 351 Frankin Street LLC, the duo plans to remediate a brownfield site in Olean and then construct a 40,000 square foot commercial and industrial building that will be used for light manufacturing and warehousing space by a local business.

The $6.4 million project will retain 16 full-time jobs and create up to two new full-time positions, while cleaning up polluted land. It is expected to be completed by July 2023.

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