Efforts to save A historic Central New York hotel are in limbo.
Hotel Utica had been in financial trouble for years – now the Utica Observer-Dispatch says a potential buyer apparently has backed away. City officials told the paper they don’t believe that Corning-based hotel developer Visions Hotels will follow through with plans to purchase the historic building at 102 Lafayette Street.
The hotel still owes over a million dollars in taxes, while the city of Utica has been making payments on a decade-old 5 million dollar federal loan. The building was saved late last year after the city’s Comptroller’s Office filed a Certificate of Withdrawal that removed the property from the foreclosure process.
