Ice Sports Complex

Maryland Heights City Council Approves Development & Management Agreements For Proposed $68 Million Ice Sports Complex

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Measures were approved last week between the City of Maryland Heights and the St. Louis Legacy Ice Foundation that will move forward the development and operation of a proposed $68 million multi-purpose ice sports complex on 25 acres in Maryland Heights.

The development and management agreements were approved by the Maryland Heights City Council on Thursday, June 21, 2018.  Final approvals for a bond issue to support the facility’s construction are expected to be completed by July 19, 2018.

Under the development and management agreements, the Foundation will build and operate the 275,000-square foot facility at 750 Casino Center Drive and purchase the 25 acres of land it will occupy.  Once completed, the City will assume ownership of the complex and the Foundation will become its operator.  Site preparation has begun with construction planned for completion by Fall 2019.  Summit Development is the developer of the project.

“This is great news for the City of Maryland Heights, the Legacy Ice Foundation and everyone involved in ice sports and recreation in the St. Louis region and beyond,” said Mike Moeller, Mayor of Maryland Heights.  “This new amenity will increase tourism and economic development throughout our region and enhance the image of the City as an attractive place to live, work and play.  With this new facility, Maryland Heights will become the epicenter for ice sports recreation and competition in the Midwest.”

The multi-purpose facility will contain four ice-sheets to accommodate a wide variety of entertainment and recreational activities and events, while supporting recreational skating, amateur and college ice hockey, figure skating and other ice sports.  It will also serve as the training and practice facility for the St. Louis Blues while offering exceptional opportunities for summer community activities for residents of the city and region.

The facility is also expected to serve as the catalyst for additional development in the Maryland Park Lake District, including the possible addition of a family entertainment area.

“We really appreciate the opportunity to work with the City of Maryland Heights, which has been nothing less than extraordinary in its commitment to convert vision to reality, all for the greater good of the community and region,” said Patrick Quinn, President of the St. Louis Legacy Ice Foundation.  “Projects of this magnitude happen rarely and if they’re to happen, they require the genuine interest, dedication and cooperation of many different parties.  That’s been the case here and for that we’re extremely grateful.”

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City to Negotiate Final Terms of Partnership Agreement with St. Louis Legacy Ice Foundation to Build Ice Sports Complex near Hollywood Casino & Hotel in Maryland Heights

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The City of Maryland Heights has approved the preliminary terms of a partnership agreement with the St. Louis Legacy Ice Foundation to develop a multi-purpose ice sports complex at a 25-acre site on Casino Center Drive owned by GLP Capital, LP near the Hollywood Casino & Hotel in Maryland Heights. The state-of-the-art indoor/outdoor ice complex will provide a practice, competition and event destination for a wide variety of ice sports and provide new recreational opportunities for the residents of the City and throughout the region.

City staff is now authorized to enter into negotiations with the Foundation that could lead to a final agreement.  Summit Development Group would provide development services on behalf of the Foundation for the project.

Under the preliminary partnership agreement, the City would own the ice sports complex and assist with the project’s financing, including an upfront investment of at least $6.5 million and the issuance of $39 million in bond financing.  The Foundation would operate the facility and provide more than $24 million in funding and private contributions to the project. The City would purchase the site and lease it to the Foundation for 30 years, with options to extend the lease another 25 years. The City and the Foundation have applied for a total of $4 million in Missouri economic development tax credits to be used in the financing package.

The new location is approximately one mile to the north of a site in Creve Coeur Lake Memorial Park that the Foundation originally proposed for the ice sports complex. The new site lies between the Hollywood Casino & Hotel and Hollywood Casino Ampetheater.

“The City recognizes the tremendous importance of this regional economic development opportunity for our community, and we have created a solution to keep this investment here for many years to come that benefits all parties involved, including our residents,” said Maryland Heights Mayor Mike Moeller.  “This public-private partnership will anchor our vision to transform this area into a valuable regional sports, entertainment, specialty retail and recreational attraction.  This is a win-win situation, and we are excited to enter into the next phase of negotiations. ”

“We appreciate how Mayor Moeller and the City of Maryland Heights have stepped up to keep our project in the same general area as our previous site,” said Patrick Quinn, Chairman of the Foundation, a local not-for-profit dedicated to championing the values inherent in ice sports, including commitment, good sportsmanship, teamwork, personal integrity and respect for others and self.  “Their leadership has created a viable solution to our needs while keeping this new development in St. Louis County.”

The new site lies within an area protected by a system of levees, pumping stations and a storm water management system constructed in 1994 by Hollywood Casino and the Howard Bend Levee District.  This area has not experienced a flood event since it was opened.

The four-sheet, regional recreation center will be home for a variety of ice sports, amateur and college ice hockey uses, youth tournaments and the practice facility for the St. Louis Blues.  If the City reaches a final partnership agreement with the Foundation, the timeline calls for construction of the project to be completed in late September 2019.

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