The contract for a controversial downtown hotel project is completed and has been signed by all necessary parties.
The development agreement between the Hamister Group, USA Niagara Development Corp. and the city of Niagara Falls was signed by the developers, state officials and Mayor Paul Dyster on Friday, sealing the deal on the project.
Andrea Czopp, the director of communications and government relations for the health care facility and hotel developer, said that with the agreement in place the company has evidence of site control and can begin applying for a flagship brand.
"Now that this is signed we can begin to do the internal labor and work to get back to the time frame we originally wanted to be on," Czopp said.
Laura Magee, the deputy director of public affairs for Empire State Development's Buffalo office, did not supply the Gazette with a copy of the contract when it was requested Monday, but said the state would be able to provide the completed agreement by the end of the week in an email.
Magee also said that terms outlined in the proposed agreement passed by the city council in September were all included in the agreement, which totals more than 100 pages.
Czopp said once the developer has signed on with a flagship they will move to get all the pieces in place to begin construction.
"(The flagship) will determine next steps which will include design, contractors, etcetera," Czopp said.
The deal, which was part of a state-run procurement process led by USA Niagara, will see the Hamister Group purchase a city-owned parcel at 310 Rainbow Blvd. where they will build a 100,000-square-foot building with a hotel, retail and residential space with the help of a $2.75 million state grant.
The project's estimated total cost is $25 million.