UTICA, N.Y. – Oneida County has raised the hotel tax from two to five percent, and some of that money will go toward the new Nexus Center in Utica.
The sports and entertainment complex will be located next to the Adirondack Bank Center in Utica.
The state budget included $22 million for the new facility, which has a total estimated cost of about $49 million. The remaining $27 million will be paid by bond, and some of the hotel tax revenue will help pay back the bonds.
Oneida County Executive Anthony Picente says this new complex will be an investment for the area.
“Once we do open the doors and have that plan in place, we know we're going to generate revenue we're also going to generate revenue from not just hockey and lacrosse, it could be also from other events,” he said.
Construction is expected to begin in the next few months, and should take roughly one year to complete.
