Malta Development Blog

The recent announcement that GlobalFoundries has acquired IBM’s global commercial semiconductor technology business makes the company the holder of one of the largest semiconductor patent portfolios in the world. The purchase is an additional investment of $1.5 billion in semiconductor technology. This agreement also means that GlobalFoundries becomes IBM’s exclusive server processor provider for the next ten years. The Times Union called it one of the largest business deals in our region's history.

New York State has 217 lakes and all of them refresh our spirits, but we at Lakeview Landing think the best one of all is our own Saratoga Lake. Sitting slightly southeast of Saratoga Springs and encompassing the borders of three towns: Malta, Saratoga and Stillwater, Saratoga Lake is officially located at 43° 3' N latitude and 73° 43' W longitude. Fed by the Kayderosseras Creek (we call it the Kaydeross) from the northwest and emptying via Fish Creek at the north end of the lake, the water drains from Fish Creek ultimately into the Hudson River at Schuylerville.

“Travel is the only context in which some people ever look around. If we spent half the energy looking at our own neighborhoods, we'd probably learn twice as much.”

Sometimes you just want to know the facts about the place you live, or where you hope to live. Here’s something to satisfy that appetite for the spot that Lakeview Landing calls home -- Saratoga County.

One of the largest employers in the area, Skidmore College employs more than 800 and provides education to 2,700 students. U.S. News & World Report currently ranks it 37^th of all National Liberal Arts Colleges. The College has an operating budget of $130 million, and annual capital expenditures of $20 million. Out of this, annual compensation is $80 million. These numbers multiply, through expansion and construction projects, into local employment in the neighborhood of 3,000 jobs. As well, student and alumni expenditures bring more than $9 million to the local economy.

Known as the Queen of American Lakes, Lake George is a narrow lake that runs along the southeast line of the Adirondack Mountains. The lake drains north into Lake Champlain via the La Chute River with its many falls and rapids, past the site of Fort Ticonderoga. There are 395 small islands in the “narrows” section of the 32-mile long lake. It is an oligotrophic lake, meaning that its waters are free from nutrients that would grow organisms that are harmful to life. Thus, its waters are clean, high quality, well oxygenated, and support many fish species.

Saratoga Hospital employs approximately 825 individuals from the Saratoga Springs community and an additional 1,400 at its other campuses. The not-for-profit hospital at 211 Church Street has been a fixture of area life for almost 120 years.

Residents of the Ballston Spa area have many educational options close at hand. Included in these are five well-regarded community colleges within 50 miles. Community colleges offer the first two years of college at affordable prices; at that point it is easy to transfer for a final two years to a four-year degree institution. They offer A.A. and A.S. degrees (Associate of Arts, Associate of Science) and also have programs that can lead to certification in specialties such as practical nursing, programming, animal care, architecture technology, and massage therapy.

Museums reflect a community’s commitment to the future by remembering the past. This has never been as evident than with the museums of Saratoga Springs. Its first museum was formed in 1883 by the Saratoga Historical Society, with the primary goal of collecting and preserving artifacts from all over the state of New York.

Malta Development is proud to call the Saratoga Springs area its home. Saratoga Springs is known as the perfect combination of Horses, Health, and History. Unofficially known as “the Queen of the Spas,” the city and its surrounding area have been a leading health center since the late 19th century.