10-Year Economic Impact
On Local Market: $1 Billion
By JIM KEVLIN • AllOTSEGO.com EXCLUSIVE
ONEONTA – A market study released today by a Cleveland-based tourism consulting firm recommends construction of a “400-room full-service destination indoor waterpark resort” in the Town of Hartwick.
If built, a separate economic-impact assessment estimates the project would have $1 billion financial impact on Otsego County over 10 years, and create more than 800 jobs. It would also generate $16 million a year in local taxes.
The market survey, by Hotel & Leisure Advisors, was commissioned by Otsego Now as part of an effort to expand the local tourism industry beyond the current 100-day season.
“To increase the demand during non-peak times, a destination resort need to offer sufficient amenities and be large enough to attract new demand,” the executive summary concludes.
More reportage will be forthcoming. Meanwhile, you can download: