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$100,000m plan for LI complex.


Developer, Rexcorp, and Long Island Destination Group recently turned the corner in the race that they have been driving against other companies to create their EPCAL Centre, a $100,000 million recreation complex that would include an 80,000 seat professional racetrack on 755 acres of former Navy land in Riverhead riv·er·head  
n.
The source of a river.
, Long Island.

The developers presented a proposal to the town of Riverhead last week for their complex, which would include equestrian stables, a minor league hockey park, a hotel, a private country club and a water slide park. The town agreed to let the developers continue to develop their vision, pitting the team against Stewart International Marketing's "Snow Valley," a 50 story indoor ski resort, in the race to secure the town's contract.

"At the work session yesterday, we determined that while the EPCAL Project is an aggressive, ambitious and intriguing project, but that has not precluded the board from unanimously asking for more detailed discussion because we do have a strong interest in the project," said Phil Cardinale, supervisor of town of Riverhead.

The developers have been asked to provide more detailed information on several aspects of their proposed project, including its compliance with local zoning laws, visitor access and the developments effect on traffic patterns, and the technical specifics of creating the racetrack.

The ski mountain proposal is still in the running,

"It is on the back burner Noun 1. back burner - reduced priority; "dozens of cases were put on the back burner"
precedence, precedency, priority - status established in order of importance or urgency; "...
 for the moment but the town board is expecting it will be resubmitted at a later time. The group is currently firming up their team and undertaking a feasibility analysis of the tourism market," said Andrea Lohneiss, director for the Community Development Agency of the Town of Riverhead.

The developers were two in a handful who had responded to an RFP (Request For Proposal) A document that invites a vendor to submit a bid for hardware, software and/or services. It may provide a general or very detailed specification of the system.

1. (business) RFP - Request for Proposal.
2.
 issued by the Town of Riverhead in 2005, seven years after the Navy gave a 2900 acre parcel of land to them. The 755 acres in question was mostly formerly airfields and tarmac originally used to test Grumman planes.

"On this land we are looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 a balanced piece of property that integrates industrial, recreational, and open space and will generate jobs and tax revenue," Lonheiss said. Michael Mannetta, partner of the Spector Group, the architectural firm An architectural firm is a company which employs one or more licensed architects and practices the profession of architecture. History
Architects (master builders) have existed since early in recorded history. The earliest recorded architects include Imhotep (c.
 handling the project is confident their design strokes a balance between rural space and entertainment facilities which will provide a great opportunity to generate money desperately needed on the east end of Long Island

The project will keep 66% of the site as a green area replanting many of the fields and pine barrens The following is a list of pine barrens.
  • Pine Barrens (New Jersey)
  • Long Island Central Pine Barrens
  • Rome Sand Plains in New York
  • Kingston Pine Barrens in Rhode Island
  • Ossipee Pine Barrens in New Hampshire
  • Concord Pine Barrens in New Hampshire
 that had gone fallow fallow

a pale cream, light fawn, or pale yellow coat color in dogs.
 or been destroyed while in use by the Navy, while keeping one airstrip running alongside the project intact where millionaires can fly their Leer jets and equestrians can transport their horses, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Mannetta.

The project also includes over 500 housing units, which would require some modification of the cities zoning laws which currently only allow for 54 units of housing, according to Lohneiss The housing would be transitory TRANSITORY. That which lasts but a short time, as transitory facts that which may be laid in different places, as a transitory action. , utilizing some kind of "fractional ownership In business, fractional ownership is a percentage share of an expensive asset. Shares are sold to individual owners. A fractional owner enjoys priorities and privileges, such as reduced rates, priority access on holidays and income sharing. " such as timeshares or an independent leasing agency.

The town has requested more information on fractional ownership.

Visitors will be charged "a very nice fee" to enter the country club on which they may drive their Lambouginis and Bentleys down a European style private motor course.

The lower budget visitor may choose to visit the raceway village to watch a demolition derby demolition derby
n.
A contest in which drivers crash old cars into each other until only one is left running.
, or another local race such as the Long Island 200. One of the architects goals is to create a forum where major events can be held that would generate the kind of audience and revenue as large scale events in other places such as the Hampton Classic, according to Mannetta. "The project will keep the character of the East end intact while blending 365 day per year recreational complexes in a prime location that has traditionally been underutilized for events on the scale that we can provide with this massive amount of acreage," Mannetta said.
COPYRIGHT 2007 Hagedorn Publication
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Title Annotation:Construction & DESIGN
Comment:$100,000m plan for LI complex.(Construction & DESIGN)
Author:Wolffe, Danielle
Publication:Real Estate Weekly
Date:Mar 21, 2007
Words:659
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