Home Industries Continental Properties to buy Iceport site

Continental Properties to buy Iceport site

City of Cudahy officials finally put a dagger into the heart of the Iceport project. On Tuesday the city and Sportsites LLC, the Iceport developer, signed an agreement to end the project. Sportsites also agreed to sell the entire 26-acre site to Menomonee Falls-based Continental Properties Company Inc.

"I am pleased to put the Iceport behind us and I look forward to working with Continental Properties, which is a first class commercial developer," said Cudahy Mayor Ryan McCue. "This is a victory for the City of Cudahy. We put an end to the Iceport and severed our relationship with Sportsites. If Sportsites doesn’t live up to any portion of the stipulation, the City of Cudahy will receive ownership of all 26 acres free and clear."

The Iceport was a proposed $29 million hockey and skating rink complex that was to be built near East Layton Avenue and South Nicholson Avenue. It was only partially built, and in 2004 construction was halted because of financing problems. Later, city officials declared the project in default of a development agreement with the city. The Iceport was to anchor a mixed use commercial development which was expected to include a hotel, restaurants and stores. However, the only commercial development that occured near the Iceport site was a Walgreens store and a Maritime Savings Bank branch.

 

City of Cudahy officials finally put a dagger into the heart of the Iceport project. On Tuesday the city and Sportsites LLC, the Iceport developer, signed an agreement to end the project. Sportsites also agreed to sell the entire 26-acre site to Menomonee Falls-based Continental Properties Company Inc.


"I am pleased to put the Iceport behind us and I look forward to working with Continental Properties, which is a first class commercial developer," said Cudahy Mayor Ryan McCue. "This is a victory for the City of Cudahy. We put an end to the Iceport and severed our relationship with Sportsites. If Sportsites doesn't live up to any portion of the stipulation, the City of Cudahy will receive ownership of all 26 acres free and clear."


The Iceport was a proposed $29 million hockey and skating rink complex that was to be built near East Layton Avenue and South Nicholson Avenue. It was only partially built, and in 2004 construction was halted because of financing problems. Later, city officials declared the project in default of a development agreement with the city. The Iceport was to anchor a mixed use commercial development which was expected to include a hotel, restaurants and stores. However, the only commercial development that occured near the Iceport site was a Walgreens store and a Maritime Savings Bank branch.


 

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