Hideaway Developers Seek Financial Aid | News, Sports, Jobs
Chautauqua County is considering providing financial assistance for the rental of new luxury cabins and a year-round recreation center in the Silver Creek area.
At the recent County Industrial Development Agency meeting, board members unanimously agreed to a preliminary resolution for tax assistance to Adventure Sports Development & Tundo Construction. The company is planning a $ 1.35 million development where the former Hideaway Bay restaurant and lounge was located.
The Hideaway Bay Restaurant and Lounge was taken over by the Chautauqua County Land Bank in 2016 after failing to pay property taxes. The building was subsequently destroyed in a fire in January 2020, but the land bank continued to market the property.
In November 2020, the county land bank announced it was selling the property to Adventure Sports Development & Tundo Construction for $ 225,000 for a multi-phased project. The first phase includes the redevelopment of the site into 10 luxury chalets for rent and a leisure center open all year round with the services of adventure sports guides. There will be public beach and lake access which will be encouraged with the development of a walking trail with connections to the public beach across Walnut Creek and a kayak launch ramp.
A restaurant and an event space will be set up in the second phase.
At the recent county IDA meeting, board members expressed their enthusiasm for this project. “It certainly corresponds to what we thought was a good thing for this seafront”, County IDA CEO Mark Geise said.
According to the county IDA, the company is seeking a payment in lieu of taxes agreement for 15 years, a sales tax rebate for one to two years, and a mortgage registration tax rebate.
Kevin Cullen, of Adventure Sports Development & Tundo Construction, said he wants to offer activities such as kayaking, stand-up paddling, kitesurfing, fishing, hiking, biking, mountain biking, sailing, surfing and surfing. yoga. “Our research shows that people want to play where they stay”, he said.
Cullen said the development can also be used to host weddings and retreats.
He said they will start off as a summer tourism site, but expand to include tourism for all four seasons. Cullen believes their business will benefit the entire Silver Creek community.
Since the county IDA board of directors has given its approval to the preliminary resolution, an environmental study will take place and a public hearing will be held. Eventually, the county IDA will need to give a final resolution before tax deals can be approved.
Meanwhile, the Clerk of the Village of Silver Creek announced that the village will hold a public hearing regarding CDBG’s submission of an application for possible funding for the Adventure Sports Development Project at 42 Lake Ave., with the regular meeting of the board of directors which will follow immediately. This will take place on Monday June 7 at 6:45 p.m. Attendance in person will be limited and by reservation. Participation is also available by video or phone, contact the clerk’s office at 716-934-3240 for reservations and meeting codes.
No timeline was discussed at the county IDA meeting, but company officials said last winter their goal was to open in spring 2022.