Industry Noize: Glens Falls Gets Zero Bids

The Glens Falls Civic Center has been operating at a loss since it opened in 1979, according to the city’s Daily Gazette, although it does draw patrons for AHL hockey games, concerts and high school basketball tournaments.

Meanwhile, the city is strapped for cash and Mayor Jack Diamond said it had no choice but to try to sell the civic center when an auction was announced in June.

Despite heavy publicity, the auction never materialized because nobody registered to bid before the sale and no bids were received, according to the paper.

The opening bid was $1.5 million.

A business coalition has raised $600,000 in hopes that the civic center will remain under local control.

City officials said the facility would need an annual subsidy of at least $400,000 to keep it running because the city – population 15,000 – cannot afford the losses, the Daily Gazette said.

The city required the buyer to honor existing agreements with the AHL’s Adirondack Flames and facility manager Global Spectrum.

For more industry news please visit PollstarPro.com.