The group of business leaders that is
working on a lease and eventual purchase
of the Glens Falls Civic Center has adopted
bylaws, selected a name for the organization
and elected officers.
“We are official now,” said Nicholas Caimano,
a spokesman for Adirondack Civic
Center Coalition Inc., the group previously
known informally as the Coalition to Save
Our Civic Center.
The group has a 13-member board, which
met Tuesday evening and elected Daniel
Burke, regional president of NBT Bank, as
president; Elizabeth Miller, chief executive
officer of Miller Mechanical Services, as vice
president; Edward Moore, owner of French
Mountain Commons and the Log Jam outlet
malls, as secretary; and Richard Fuller, a
certified public accountant, as treasurer.
Mayor John “Jack” Diamond said earlier
this week the group is on track to close on its lease-purchase agreement with the city
in mid-December.
The city Common Council voted unanimously
on Oct. 20 to sell the arena to the
coalition, one of two bidders, for $600,000
under a five-year lease-purchase agreement.
The coalition plans to continue traditional
use of the Civic Center for sports and entertainment
events.
Warren County Board of Supervisors in
November approved providing the Coalition
with $250,000 in county Occupancy Tax
funding in 2015.
The city put the civic center on the block
earlier this year because the costs of supporting
it were becoming a burden. Officials said
the 4,787-seat arena had an operating loss of
between $500,000 and $600,000 a year for the
past several years. This, coupled with bond
principal and interest payments, brought
total costs to more than $900,000 a year.