Consultants Weigh In on Ice Complex Building Plan

A small-town ice association procures a federal safety net - but is its building plan solid?

Okk 1107 Ab It was the first of August when the office of New York Senator Charles Schumer announced that it had awarded a $4 million loan to the Aurora Ice Association Inc. of East Aurora, N.Y., to help build a 65,000-square-foot, two-sheet ice complex. That came as news to Tony DiFilippo, the AIA's president. While the association has in fact spent the past seven years working toward such a facility, the loan in question was actually a loan guarantee, awarded through the U.S. Department of Agriculture's Rural Development program. What this means is that the federal government will guarantee 80 percent of the commercial bank loan, which represents less than half of the total cost of construction (currently estimated to be between $8 million and $9 million).

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