Search:
Saturday, December 20, 2014



News

“Agreement Reached for Sale of First Arena”

ELMIRA – At a press conference today, Chemung County Executive Tom Santulli announced that, as promised, the County will soon be out of the Arena business.  Santulli, alongside local businessman Tom Freeman, announced that Freeman has reached an agreement with Key Bank to allow the bank to sign the rights to the mortgage on the First Arena to Freeman, making him the sole owner/operator.

This agreement ends all litigation currently pending on the Arena.  “We cannot be more thrilled with this outcome,” said Santulli.  “The foreclosure of the First Arena was not something the County wanted to do, and managing an Arena was never anything we ever intended to do. This agreement will put the Arena, for the first time, on the tax rolls providing tax revenue to the Elmira City School District, the City of Elmira, and the County,” added Santulli.  “In addition, the Arena is fully insured, has an operational fire suppression and alarm system, and, most importantly, the Arena has a bright future as a locally owned, first class facility.”

Tom Freeman has committed to keep hockey in Elmira and will be negotiating with the Afr’s to keep the Jackals playing at the First Arena.  He has also committed to upgrading the facility and bringing back the original support and promise of a fully utilized community arena with additional events.

Freeman has a long history with the Arena, being the first businessman to invest $1M for the naming rights to the Coach USA Arena.

Home Contact Us Directory News Calendar Privacy Policy Map NY Adobe Reader
Chemung County Employees Only, Outlook Web Access   ClockView   WebClock
Website Design by inCommand Technologies, Inc.
©2014 . All Rights Reserved.