Port Washington, NY - June 25, 2014 - Nassau County Executive Edward P. Mangano today announced that the Nassau County Industrial Development Agency (IDA) has approved an economic development compact that paves the way for a new Hilton Garden Inn in Port Washington. The project will create 300 full-time-equivalent construction jobs and, once completed, 62 permanent jobs. It is expected to generate total economic benefits of $6.4 million.
“This hotel project is important to Nassau County as it creates new jobs for our residents, provides a convenient place to stay for business and leisure visitors in a part of the county where hotel rooms are scarce, and eliminates community blight in this industrial area while generating millions in economic benefit for the community,” said County Executive Mangano.
The economic development compact allows Roslyn O-S, LLC to construct a 165-room Hilton Garden Inn at 3 Harbor Park Drive in Port Washington. The new hotel will replace an abandoned, dilapidated sports facility in Harbor View Corporate Park - near the headquarters of research firm NPD Group and filtration systems maker Pall Corporation.
The hotel, the first branded hotel in northwestern Nassau County, has received the necessary approvals from the Town of North Hempstead. Construction is expected to begin within 30 days of the closing of the economic development compact and will last 13 months.
“This property has been vacant for many years and without the IDA’s assistance it is unlikely that this project would be undertaken,” said Joseph Kearney, Executive Director of the IDA.
About the Nassau County IDA
The Nassau County Industrial Development Agency consists of a team of professionals whose mission is to promote the economic welfare and prosperity of Nassau County. It is a resource for businesses in Nassau County and those considering relocation. The IDA provides assistance to business interested in relocating, expanding and financing new investments. It has provided assistance to a wide range of companies, from Arizona Iced Tea and Sleepy’s Mattress to Cold Spring Harbor Labs and Grumman Studios. For more information please visit, www.nassauida.org or call (516) 571-1945.