MASSENA - Massena Town Supervisor Joseph D. Gray released a copy of the memorandum of understanding between the town of Massena, Manhattan Investment Partners and their affiliate Venue Strategies, LLC on Monday.
The document, signed by Mr. Gray on Friday and Managing Member David J. Machlica, who represented both MIP and Venue Strategies, outlines a two-phase project and identifies the St. Lawrence Centre mall as one potential site for the multi-purpose entertainment complex.
“A preliminary review of site location options will be conducted including disposition of St. Lawrence Centre Mall and other parcels identified by the town,” according to the memorandum of understanding.
St. Lawrence Centre General Manager David Viola said he was aware that the mall was going to be mentioned in the report, but aside from that knew little else of the project.
“I knew through Joe that the mall was going to be mentioned as a potential site, but it’s difficult for me to comment on, because I actually haven’t seen a copy of this document,” he said.
Phase one of the document is identified as “Market Demand Study.”
This is the portion of the document outlining the costs associated with the study, which are being paid for by the town of Massena using gaming compact revenues.
“The total cost to complete the MDS will be $75,000, plus reimbursement for normal and customary out-of-pocket expenses (travel, lodging, meals). In no event will the total out of pocket expenses exceed $6,500,” the document states.
According to the MOU, the town is resposnible for paying for half of the study up front, with another payment expected 45 days into the study and the final pament due upon completion of the study.
The study is expected to outline eight potential uses for the complex, inlcuding ice sheets, indoor turf space, special events and meeting space, a ticketed entertainment venue with arena-style seating and indoor-outdoor waterpark that would be open for year-round operation, facilities for health and wellness activities, lodging and ancillary space that could be used for a variety of other uses.
“The MDS will address, but not necessarily be limited to review and analysis of regional economics/demographics; supply, demand, and competitive market facotrs affecting the viability of the proposed uses,” the document said.
The memorandum of understanding also specifically mentions St. Lawrence Centre as a possible location for the project.
“A preliminary review of site location options will be conducted including disposition of St. Lawrence Centre Mall and other parcels identified by the town,” the document reads.
According to the MOU a final copy of the report will be due within 120 days of the MOU’s formal execution, which came on Monday when Mr. Machlica signed the docuement.
The MOU also outlines a phase II, which may take place.
“The Project Development Plan (PDP) for the MEC (mulit-purpose entertainment complex) will only be undertaken upon the concurrence of the parties,” states the agreement.
Any costs associate with Phase II, which would include the design and development of the project itself would be paid for by Venue Services.
The Phase II portion of the agreement also notes that it is up to the town to provide land for the development.
“The town will act to make available, on terms and conditions to be negotiated, land (and related infrastructure improvements, as necessary) for the project that either owns, controls, or otherwise can help devlier at very low or no cost to VS (Venue Services) (or the entity designated as owner of the project, that is suitable for construction and operation of the MED defined in the PDP. (Project Development Plan).