It looks like it’s back to the drawing board for the town of Pincourt in its quest to find a buyer for the defunct Pincourt arena after a deal with a potential buyer fell through.
“In fact it’s back to 2003,” said Pincourt Mayor Yvan Cardinal.
That was when construction first began on the $3.5-million project. It was subsequently put on hold when costs ran over-budget, leaving the building, on the corner of Pincourt Blvd. and 5th Ave., abandoned.
Town council voted last week to withdraw its resolution accepting a proposal from a numbered company, 8280959 Canada Inc., whose investors included NHLer Alexandre Burrows and Pincourt entrepreneur Paul Roy, when negotiations between the selection committee and the company failed to achieve a mutual agreement.
“Like the majority of citizens who believed they would be skating by August 2013, I’m also disappointed with this result, but rest assured that the council will put in all the necessary energy to reach a positive conclusion for the entire population,” Cardinal said.
Contrary to remarks from a Pincourt citizen, Cardinal insisted there are other interested parties and the selection committee will be preparing proposals with which to approach prospective investors.
“Now that we’re the owners, we’re checking into things the town can do,” said town clerk Danielle Carbonneau.
Pincourt bought the property for more than $3 million in 2009 with the purpose of reselling it.
Carbonneau added there are several options, including developing the project as a private-public partnership or the possibility of working with the Régie des équipements en loisirs de l’Île-Perrot, a group made up of the mayors and one councillor from each of the towns of Île-Perrot, Notre-Dame-de-l’Île-Perrot, Pincourt and Terrasse-Vaudreuil.
“It’s not just one idea that we’ll work on,” she said.
The arena project was halted in 2003 and a number of lawsuits were subsequently launched.
In 2009, a judgment ordered the town of Pincourt to pay $3 million to the project’s contractor and the National Bank, which had helped to finance the complex. The non-profit sports corporation which had originally initiated the project has since declared bankruptcy.
Pincourt is appealing that decision.