Hideaway developers are seeking financial assistance
Chautauqua County is looking into providing financial assistance for some new luxury cabin rentals and a year-round recreation hub in the Silver Creek area.
During the county Industrial Development Agency’s recent meeting, board members unanimously agreed to a preliminary resolution for tax assistance to Adventure Sports Development & Tundo Construction. The company is planning a $1.35 million development where the former the Hideaway Bay Restaurant and Lounge was located.
The Hideaway Bay Restaurant and Lounge was taken over by the Chautauqua County Land Bank in 2016 after failing to pay property taxes. The building was later destroyed in a fire in January 2020 but the land bank continued to market the property.
In November 2020, the county land bank announced it was selling the property to Adventure Sports Development & Tundo Construction for $225,000 for a multi-phase project. The first phase involves the redevelopment of the site into 10 luxury cabin rentals and a year-round recreation hub with adventure sport guide services. There will be public access to the beach and lake that will be encouraged with the development of a walking trail with connections to the public beach across Walnut Creek and a kayak launch.
A restaurant and events venue will be developed in the second phase.
During the recent county IDA meeting, board members expressed their excitement for this project. “This certainly fits in the realm of what we were thinking would be a good thing for that waterfront,” said county IDA Chief Executive Officer Mark Geise.
According to the county IDA, the company is seeking a Payment In Lieu Of Taxes agreement for 15 years, sales tax abatement for one to two years, and mortgage recording tax abatement.
Kevin Cullen with Adventure Sports Development & Tundo Construction, said they want to offer things like kayaking, stand up paddleboards, kiteboarding, fishing, hiking, biking, mountain biking, sailing, surfing and yoga. “Our research discovers people want to play where they stay,” he said.
Cullen said the development can be used to host weddings and retreats as well.
He said they will start out as a summer tourism site, but will expand to incorporate tourism for all four seasons. Cullen believes their business will be beneficial to the whole Silver Creek community.
Because the county IDA Board of Directors gave its approval for the preliminary resolution, an environmental study will take place and a public hearing will be held. Eventually the county IDA will need to give a final resolution before the tax agreements can be approved.
Meanwhile, the Silver Creek Village Clerk has announced the village will be holding a public hearing regarding the submission of a CDBG application for possible funding for the Adventure Sports Development project at 42 Lake Ave. with the regular board meeting to immediately follow. This will take place on Monday, June 7 at 6:45 p.m. In person attendance will be limited and by reservation. Attendance is also available by video or telephone, contact the clerk’s office at 716-934-3240 for reservations and meeting codes.
A timeline was not discussed during the county IDA meeting, however company officials said last winter their goal is to open in the spring of 2022.