UTICA, N.Y. (WUTR/WFXV/WPNY-TV?) — Construction of the Nexus Center has taken its first steps forward in over a year, as the Oneida County Board of Legislators voted unanimously to solidify support to the bonding that the Auditorium Authority plans on taking out.
The county board and the authority are still working on exact figures to determine how much each side will pay towards the bonds. As of now it is looking like they will take out $30 million. Having the counties support will improve the ability to get the bonding, get the borrowing in place and get a good interest rate.
“It’s one step, it is also a step in terms of giving the contractors the comfort that this project is moving forward,” Anthony Picente, Oneida County Executive explained. “And we can begin, so our hope is that this first step triggers the restart of the project as well as the bonding piece that has to take place. The next step is the overall agreement between the county and the auditorium authority on the amounts paid by both parties going forward.”
In terms of a timeline, it is up to the contractors to decide when they want to begin construction again, as they still have lawsuits taken out against the county to get the money owed to them for work they have already completed on the project.
“That has to be resolved before any work or any financing can move forward so hopefully, we will hear soon about that,” Picente said.