This Resolution will provide ARPA funds to the CCIDA in support of its Arena operations to enhance tourism to the area. As the owner of the Arena, which was shut down during the pandemic, the CCIDA suffered financial harm and qualifies as a beneficiary under ARPA Rules and Regulations.
Shot Clock - $ 15,000.00
Sub-floor to cover ice + Labor - 174,583.35
WIFI/Internet Installation - 21,495.90
Basketball Court Floor - 164,829.00
Total: $ 375,908.25
The Chemung County Industrial Development Agency (IDA) has leased the Elmira Downtown Arena to Mammoth Sports & Entertainment LLC. Unfortunately, after the arena was turned back over to the possession of the IDA, several capital improvements and other investments are required to make the facility viable for a multitude of events that are currently being negotiated by the current tenant with various entertainment providers. The arena will also be hosting professional league hockey, professional league box lacrosse, as well as a number of other events, to include concerts, public skating, professional wrestling and etc. In order to properly host these types of events, the aforementioned items are necessary. These items would remain the property of Chemung County IDA and be utilized for the arena and subject to use by Mammoth Sports pursuant to the CCIDA's lease agreement. (See attachments for further details pertaining to the items being requested.) |