Niagara Falls City council has approved an application by Four Points by Sheraton in the Fallsview area of the city to build an additional 20-story addition on top of their existing 10-story tower.

Wayne Thomson, business manager for the Fallsview Group credits the new “Renaissance” to the fact Americans are now coming back to Niagara because of the favourable exchange rate on U.S. currency. The other factors are gas prices have been very favourable for vehicular travel and about 40 per cent of U.S. citizens now have passports, a large jump since the last few years.

Thomson went on to say, the problem in the past was the environment for investment wasn’t right. He also predicts there will be more announcements of a similar manner