With a passle of hotels now built in the private sector, a plan to build hotels in the tax free environment of Fort Drum has hotel owners wondering how they will compete in what is being called a saturated market.
New hotels were needed as there was a shortage, but the market is satisfied now and a new federal program would allow big corporations to put name brand hotels on post.
The unintended consequence of improving on post lodging is it will slam hotels nearby built under a different economic model, according to developer Pat Donegan who built two hotels in the City of Watertown.
To be fair, many off post projects received tax breaks too, but on post businesses are not subject to the continuing taxes like sales tax and the bed tax that off post business must include in their prices.
Watertown Daily Times | Fort Drum hotel would enter an already ‘saturated’ market