New Baltimore water park idea still afloat
Feb 24, 2012 12:05 am
In The Daily Freeman, Ariel Zangla interviews John Gerner, managing director for Leisure Business Advisors, who, on Wed. Feb. 22, gave a fiscal opinion to the Greene County Legislature’s Government Operations Committee about the proposed Great Wolf indoor water park resort in New Baltimore. The water park's hotel would need to maintain a 40 percent occupancy rate over 30 years to pay back the $26.9 million in infrastructure improvements from a room rental fee. Occupancy rates at other Great Wolf resorts are all above 60 percent, according to Lerner. "The county has been asked to borrow up to $15.6 million to pay for infrastructure improvements at the Kalkberg Commerce Park in New Baltimore," Zangla writes. The $115-million project includes a 400-room hotel, an 80,000-square-foot indoor water park, restaurant and lounge, and an 18,000-square-foot space for a conference center, arcade, gift shop and other services. The proposed park has come up with local resistance, particularly from Durham, and the Zoom Flume Water Park owners there. Read the full story, and watch the video interview with Lerner and Catskill Legislator Joe Izzo in The Daily Freeman.