The group of business leaders that is
\nworking on a lease and eventual purchase
\nof the Glens Falls Civic Center has adopted
\nbylaws, selected a name for the organization
\nand elected officers.<\/p>\n
“We are official now,” said Nicholas Caimano,
\na spokesman for Adirondack Civic
\nCenter Coalition Inc., the group previously
\nknown informally as the Coalition to Save
\nOur Civic Center.<\/p>\n
The group has a 13-member board, which
\nmet Tuesday evening and elected Daniel
\nBurke, regional president of NBT Bank, as
\npresident; Elizabeth Miller, chief executive
\nofficer of Miller Mechanical Services, as vice
\npresident; Edward Moore, owner of French
\nMountain Commons and the Log Jam outlet
\nmalls, as secretary; and Richard Fuller, a
\ncertified public accountant, as treasurer.
\nMayor John “Jack” Diamond said earlier
\nthis week the group is on track to close on its lease-purchase agreement with the city
\nin mid-December.<\/p>\n
The city Common Council voted unanimously
\non Oct. 20 to sell the arena to the
\ncoalition, one of two bidders, for $600,000
\nunder a five-year lease-purchase agreement.
\nThe coalition plans to continue traditional
\nuse of the Civic Center for sports and entertainment
\nevents.<\/p>\n
Warren County Board of Supervisors in
\nNovember approved providing the Coalition
\nwith $250,000 in county Occupancy Tax
\nfunding in 2015.<\/p>\n
The city put the civic center on the block
\nearlier this year because the costs of supporting
\nit were becoming a burden. Officials said
\nthe 4,787-seat arena had an operating loss of
\nbetween $500,000 and $600,000 a year for the
\npast several years. This, coupled with bond
\nprincipal and interest payments, brought
\ntotal costs to more than $900,000 a year.<\/p>\n","protected":false},"excerpt":{"rendered":"
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,…<\/p>\n","protected":false},"author":88,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[66,91],"yoast_head":"\r\n