Local developer Dean Gitter is selling his stake in Shandaken's Emerson Hotel to co-owner Emily Fisher.
In a press release issued Tuesday by the Emerson, Gitter said that the sale would allow him to focus on building the Belleayre Resort:
“Emily and I have worked together for almost two decades to bring to Shandaken an asset which has brought national attention to the town. At my age, I cannot continue to ride two horses; so Emily will continue her stewardship of the Emerson, while I concentrate all my energies on the Belleayre Resort initiative,” said Gitter.
The long-anticipated Belleayre Resort has been the subject of much discussion, but little action, since 1998. In October, Gitter told the Fresh Tracks ski magazine that there may be some forward movement on the resort project soon:
Gitter: With every incoming administration, we have had to undergo a new assessment of the merits of the project. We have had an agreement in place with the City of New York and the State of New York. That agreement is being honored by the new administration in Albany which is generally quite supportive of the project.
Because of the changes that have been adopted by the project as a result of feedback from various state agencies and the public, we have had to modify our Draft Environmental Impact Statement (“DEIS”) We believe the Department of Environmental Conservation (“DEC”) will deem our application complete and release the DEIS for notice and comment as soon as the beginning of November.
Below: The Emerson's press release about the sale.
