The Town of North Elba will enter a long-term lease agreement with the New York Olympic Regional Development Authority (ORDA) for their use of the former Lake Placid Memorial Hospital property. The Town took over ownership of this property in 2019; this ownership will be retained and ORDA will lease the site for 50 years with a 50-year renewal for the purpose of expanding the Training Center. ORDA will be responsible for the removal of the current structure, relieving the town of the financial burden of this undertaking, while upgrading the property to enhance the sports industry in the region.