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PLATTSBURGH — City of Plattsburgh Mayor Donald Kasprzak says he will terminate the contract with the waterfront hotel developer if action on the project is not taken in two weeks.

Kasprzak sent Syracuse developer James Monahan a letter Wednesday that says terms of the contract with the city have been violated and the city is within its rights to nix the deal.

“The residents of this community have fulfilled their obligations to this project, and Mr. Monahan has not done his part,” Kasprzak said.

The project has been in the works since 2004. Monahan wants to build a hotel and conference center on a parcel of land off Bridge Street near the Dock Street landing on the waterfront.

He signed a 99-year lease with the city in February 2005. As part of the deal, the city built a parking lot and made other infrastructure improvements.

The mayor says terms of the lease have not been met. Specifically, the mayor said, Monahan needed to show that he had all of the required permits and financing for the project in place within 360 days of signing the lease.

The 360-day period ended Feb. 2, 2006.

“He (Monahan) has been in default since February of 2006, and since I have not seen any construction or financial information, it is my responsibility to terminate this deal as soon as possible,” Kasprzak said.

“It is simply time for the city to take legal action. This has become a joke to people.”

Kasprzak said that if Monahan does not respond to his letter within two weeks, he will ask the Common Council to vote in favor of terminating the deal.

Reached at his Syracuse office, Monahan said he is still working to meet his obligations and get the project going.

“We are going to try to comply within the month of August, like we said we would,” Monahan said.

“I understand the mayor doing what he is doing, and I respect his right to do that.”

Kasprzak said he has been approached by both local and non-local developers who would be interested in taking over the project if Monahan is out.

“It’s amazing to me that a (Best Western) hotel can be built in Ticonderoga and the Hotel Flanagan in Malone will be built before this one will be,” Kasprzak said.



E-mail Joe LoTemplio at:

jlotemplio@pressrepublican.com

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