GLENS FALLS, N.Y. – No one entered a bid when the Glens Falls Civic Center went up for public auction on Monday.
In order to bid during the public auction, buyers are required to put down $150,000 dollars, which is 10-percent of the minimum bid of $1.5 million.
Mayor Jack Diamond announced at 11 a.m. on Monday that despite meeting prior with 12 interested parties, no one showed up to make a bid during the public auction.
“A little bit disappointed, I thought the building was valued appropriately but a lot if people don't have that kind of money,” said Diamond.
Diamond says his goal is to take the Civic Center off the hands of the tax payers. The city will continue to talk to prospective buyers, and see what they can do.
Tax payers say they are disappointed at the outcome, yet a coalition of people raising money to save the arena say a no sale is promising.
The people who want to keep hockey in Glens Falls, say when the arena is filled, it's not just a great time but it brings money to nearby businesses and surrounding areas.
“They come to watch the hockey, but when they come here, they use the restaurants, and they use other facilities,” said John Beebe of Queensbury.
An offer has been put on table from a local developer for $750,000. The coalition has raised more than $600,000 in the last two weeks and hopes to see a private public partnership. There will be no minimum bid required in the sealed bid auction. Anyone interested in bidding may submit a bid to city Controller Susanne Kasitch.
Bids must be received in the Controller's Office no later than 11 a.m. on September 12, 2014.
The Civic Center is 3.5 acres of land in the downtown area of Glens Falls. The building is a 70,176 square foot auditorium with brick on steel construction and 40 foot ceilings. The building is a hockey arena with 4,787 fixed arena seats and about 1,200 seats on the concourse. The building is being sold with the two video screens, the center-hung scoreboard, two corner scoreboards and a sound system along with the box office.
The mayor's office said there has been plenty of interest in the center since it was announced it would be auctioned in June.