N.Y. Pub. Auth. Law § 2606
It is hereby found, determined and declared that there is an immediate need to institute a comprehensive, coordinated program of activities utilizing the olympic facilities in and around Lake Placid, New York, in order to insure optimum year-round use and enjoyment of these facilities to the economic and social benefit of the olympic region and to minimize the financial burden on the state and local governments in the maintenance and operation of these facilities by means of maximizing revenue opportunities for their support; and to take advantage of the opportunity to improve the physical fitness and athletic and recreational education of the people of this state and the United States by assisting in the use and maintenance of these facilities. It is further declared to be desirable to create a state olympic regional development authority to operate, manage and maintain the olympic facilities, develop, implement and supervise the professional management necessary for such a comprehensive, coordinated program and for the management, promotion, scheduling and conduct of an integrated, year-round program and a wide range of national and international athletic training and competitive opportunities and other activities which can effectively utilize the available facilities. The authority shall carry out its purposes and responsibilities and utilize the facilities through agreements with state and local agencies which have jurisdiction over the various olympic facilities in the olympic region. It is further declared to be desirable that the authority develop, construct, operate, manage and maintain facilities, or participate therein, for the training and housing of amateur athletes in connection with the United States olympic committee's training center program and the authority's conduct of national and international sports events. It is further declared that the authority shall be created as a public benefit corporation and that the corporate programs and powers conferred under this title and the expenditures of public moneys pursuant thereto are in furtherance of serving a valid public interest and public purpose.
N.Y. Pub. Auth. Law § 2606