Press-Republican

Business

July 2, 2013

City to decide on waterfront construction

PLATTSBURGH — City of Plattsburgh councilors will decide tonight which way they want to go with a key waterfront property.

On the table are two proposals: one from Navtours, of the Bahamas and Quebec, and one from Plattsburgh Boat Basin, operator of a marina next to the city property and the Naked Turtle restaurant.

Both businesses are offering to provide boating, recreation and food services at the Dock Street Landing site.

The council is meeting tonight instead of Thursday due to the July 4 holiday. The meeting begins with a work session at 5 p.m., followed by the regular meeting at 5:30 p.m.

BUILDING VACANT

The each plan to develop and operate a city marina, renovate the 2,500-square-foot building on site to provide food service and offer kayaking, bicycles, in-line skate rentals and other recreational services.

The restaurant building has not been used since it was damaged by flood waters in May 2011. It used to house Clare and Carl’s, the downtown location of a well-known local restaurant, but the owners opted not to renew their lease.

Both Navtours and Plattsburgh Boat Basin have made several presentations to Lake City Local Development Corp., the city’s development arm, in hopes of landing a deal to operate the property.

If a deal is struck, the marina and the building will still be owned by the city but operated by the developer.

THE BIDS

The developer would be responsible for the cost of renovations to the building, but those expenses would be deducted from lease payments.

Plattsburgh Boat Basin is offering a lump-sum payment to the city of $60,000 if the municipality pays for and maintains all capital improvements and $45,000 if the company pays all capital-improvement costs.

Navtours is offering to pay the city an annual building rent of $12,000, plus 10 percent of marina revenues, which are estimated to be about $10,700, for a total payment of about $22,700.

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