RIOC Real Estate Committee Meeting on Roosevelt Island Tennis Racquet Club Lease
Prior to the Town Hall Meeting on the future of the Roosevelt Island Tram, a meeting of the RIOC Board of Directors Real Estate Development Advisory subcommittee is scheduled to begin at 6 PM. The lone agenda item is listed as the following:
NOTICE OF THEI believe that HCK Recreation, Inc. is the Roosevelt Island Racquet Club which has been located under the bubble adjacent to the Tram station and 59th Street Bridge since the early 1990's according to this article from the NY Times. Perhaps it is time for the RIOC Board to not act hastily but consider other potential uses for this site that may provide a different set of recreation, entertainment or cultural options for residents and visitors of Roosevelt Island. After all, how many Roosevelt Island residents actually use this facility. At the very least, given the East River waterfront location of this site and it's potentially large real estate value, I would think that the Public Authorities Act might preclude a long term commitment to this space without a thorough review.
OCTOBER 4, 2007 MEETING OF THE
REAL ESTATE DEVELOPMENT ADVISORY COMMITTEE OF THE
ROOSEVELT ISLAND OPERATING CORPORATION
BOARD OF DIRECTORS
PLEASE TAKE NOTICE that a meeting of the Real Estate Development Advisory Committee (“REDAC”) of the RIOC Board of Directors will be held on Thursday, October 4, 2007 at 6:00 p.m. at the the Good Shepherd Chapel, 543 Main Street, Roosevelt Island, New York. The REDAC will discuss the Third Modification of Lease between Roosevelt Island Operating Corporation and HCK Recreation, Inc.
The Open Meetings Law of the State of New York requires that all public bodies conduct meetings, convened for the purpose of officially conducting public business, in a manner open to attendance by the general public to observe and listen.
Image is from the Bridge and Tunnel Club.
2 comments :
Postings: Roosevelt Island; Tennis by the Tram
Published: July 14, 1991
Hoping to capitalize on a growing interest in tennis and improved transportation to Roosevelt Island, developers have broken ground for the Roosevelt Island Racquet Club, with 11 dome-covered courts and a 7,000-square-foot clubhouse. The club is scheduled to open in October on a two-acre site on the New York State-owned island directly under the Queensboro Bridge.
"This is the first business on Roosevelt Island that is designed to attract people from Manhattan," said Skip Hartman, one of the developers. Mr. Hartman and a partner, Robert Kelton, have obtained the use of the site in an 11-year concession agreement with the state. The club is next to the Roosevelt Island tram station and 600 feet from the island's new subway station, its first such link with midtown.
Constructed of a substance called "har-tru" that closely resembles clay, the air-conditioned courts will be open all year under two domes. The architect is David Kenneth Specter of Manhattan, who designed the National Tennis Center in Queens. The developers operate four other tennis clubs in New York City and its suburbs, including the Manhattan Plaza Racquet Club at 42d Street and Ninth Avenue.
Mr. Hartman said lease payments to the state will be set at a minimum of $100,000 a year and should increase after five years to over $400,000; the club will then pay a percentage of its revenues to the state. Membership fees have been set at $600 a year for individuals, plus a $500 initiation fee, and members will pay $40 an hour during prime time, or $30 for off peak hours, for use of the courts.
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