The Developer of Ice Rink asks for Loan
Hockey and ice skaters players must wait before the Desert Ice Castle opens. This week, the new ice skating facility was supposed to have a grand opening but it was delayed. This facility proposed for the former Coca-Cola bottling plant at 68-600 Perez Road. The project was announced in April 2010, but it has had a series of delays since the announcement. Funding is the most recent deterrent, to pay a refrigeration unit, Anthony Liu as the developer requested to Cathedral City’s redevelopment agency a $100,000 loan.
In regular meeting Wednesday, sitting as the redevelopment agency board, the City Council was scheduled to vote on issuing the loan, on May 11 discussion was continued. Liu will have five years to pay back the money and interest if the loan is approved. On earlier this week, city officials said that funding would come from money set aside for projects that have yet to take place.
Liu said he will need to search for other sources of funding if the loan is not approved. In Wednesday evening, Liu said “It can be a few weeks, it could be a few months, and we’ll go day by day and see how it goes.”
