Ice Park developers want $2M break to finish project
A developer wants financial incentives from the city to help complete a sports and banquet complex.
King Developments is building the $17-million Central Park Athletics facility at the former Windsor Ice Park site on Grand Marais Road at Central Avenue.
The developer wants close to a $2-million break in tax and development incentives from the city. The money would be spread over 10 years.
City administration is recommending only $600,000.
James King says not getting the full amount could jeopardize a roof for an indoor soccer and football field.
Coun. Bill Marra supports the Kings' request:
"I think from time to time, we need to look at our policies and understand, Is there a way that we can maybe exercise a little bit of discretion, a little bit latitude," Marra said. "It's a unique situation. I don't know how many folks we're going to get in town who are going to invest $17 million in a recreational facility."
Marra said he's not worried about setting a precedent should council approve the request.
Based on studies, King says the facility could attract 77,000 spectators from outside the area each year. The studies also estimate Central Park Athletics could contribute almost $10 million annually to the local economy.
"We feel that we should be granted because we don't see any rationale of basically having a soccer facility with no roof on," King said.
The Kings' request goes before city council in coming weeks.