Chautauqua County is wanting into offering monetary help for some new luxurious cabin leases and a year-round recreation hub within the Silver Creek space.
In the course of the county Industrial Improvement Company’s latest assembly, board members unanimously agreed to a preliminary decision for tax help to Journey Sports activities Improvement & Tundo Building. The corporate is planning a $1.35 million improvement the place the previous the Hideaway Bay Restaurant and Lounge was positioned.
The Hideaway Bay Restaurant and Lounge was taken over by the Chautauqua County Land Financial institution in 2016 after failing to pay property taxes. The constructing was later destroyed in a fireplace in January 2020 however the land financial institution continued to market the property.
In November 2020, the county land financial institution introduced it was promoting the property to Journey Sports activities Improvement & Tundo Building for $225,000 for a multi-phase challenge. The primary part includes the redevelopment of the location into 10 luxurious cabin leases and a year-round recreation hub with journey sport information companies. There shall be public entry to the seaside and lake that shall be inspired with the event of a strolling path with connections to the general public seaside throughout Walnut Creek and a kayak launch.
A restaurant and occasions venue shall be developed within the second part.
In the course of the latest county IDA assembly, board members expressed their pleasure for this challenge. “This actually matches within the realm of what we have been pondering can be a great factor for that waterfront,” mentioned county IDA Chief Govt Officer Mark Geise.
In line with the county IDA, the corporate is searching for a Fee In Lieu Of Taxes settlement for 15 years, gross sales tax abatement for one to 2 years, and mortgage recording tax abatement.
Kevin Cullen with Journey Sports activities Improvement & Tundo Building, mentioned they wish to supply issues like kayaking, get up paddleboards, kiteboarding, fishing, mountaineering, biking, mountain biking, crusing, browsing and yoga. “Our analysis discovers individuals wish to play the place they keep,” he mentioned.
Cullen mentioned the event can be utilized to host weddings and retreats as effectively.
He mentioned they’ll begin out as a summer time tourism website, however will broaden to include tourism for all 4 seasons. Cullen believes their enterprise shall be helpful to the entire Silver Creek group.
As a result of the county IDA Board of Administrators gave its approval for the preliminary decision, an environmental research will happen and a public listening to shall be held. Finally the county IDA might want to give a ultimate decision earlier than the tax agreements will be accepted.
In the meantime, the Silver Creek Village Clerk has introduced the village shall be holding a public listening to concerning the submission of a CDBG software for attainable funding for the Journey Sports activities Improvement challenge at 42 Lake Ave. with the common board assembly to right away observe. This can happen on Monday, June 7 at 6:45 p.m. In individual attendance shall be restricted and by reservation. Attendance can be out there by video or phone, contact the clerk’s workplace at 716-934-3240 for reservations and assembly codes.
A timeline was not mentioned throughout the county IDA assembly, nevertheless firm officers mentioned final winter their objective is to open within the spring of 2022.