Wednesday, March 23, 2022

Chautauqua Lake condominium project ‘canceled’

 


Submitted Photo The Lodge at Chautauqua Lake project has been canceled.

A proposed 34 unit, $17 million condominium resort in Mayville has been shelved.

“After a very long journey, it has become clear that the climate in Mayville, New York is not conducive to the development of fractional condominiums on Chautauqua Lake for many reasons – some of which are obvious and many which are not,” developers said in a statement to the OBSERVER. “With regret, the plans for building The Lodge at Chautauqua Lake have been canceled and development terminated. We thank our many supporters. We also want you to know that we our exploring other uses for the property, including potential residential development.”

A lawsuit had been filed against The Lodge at Chautauqua Lake, The Estate of James K. Webb, Sally Webb, Executrix and Webbs Harbor Restaurant & Bowling Lanes, Inc. by Lake Shore Paving, Inc. for lack of payment.

The Lodge at Chautauqua had been considered one of the successes by county officials. In the Chautauqua County Industrial Development Agency’s 2021 year-end report, there were 10 items highlighted, with Webb’s Hospitality Resort listed at number 8.

In February, 2021, the Chautauqua Region Economic Development Corporation approved an agreement with Webb Hospitality Group, LLC. The agreement permitted $450,000 from a Community Development Block Grant be used to support The Lodge at Chautauqua Lake. The money was to be used to assist Webb’s in the funding of fixtures, furnishings and equipment with the development of a restaurant and bar, pool and fitness center, meeting rooms and other amenities. According to the agreement, $217,000 would be a term loan, $217,000 would be a deferred loan, and up to $16,000 would be used for program delivery and administrative costs.

 

For More Information On Chautauqua Lake & County Real Estate and Living Visit: www.chautauqualakehomes.com

Monday, March 21, 2022