Auction date scheduled for unfinished Canandaigua development
Canandaigua, N.Y. (WHAM) - An auction has been set for 2018 for the unfinished development along Canandaigua Lake.
Construction on the Canandaigua-Finger Lakes Resort and Hotel has been stalled since the summer of 2015. David Genecco and Bob Murphy, the developers who own the property, say they are working to get the finances together before the deadline. Work has stalled on the planned Canandaigua Finger Lakes Resort for at least two years.
Genecco has until 9:59 a.m. on January 3 to pay the lien on the property. He owes contractor Manning Squires Henning Co. Inc. nearly $3.6-million.
Manning Squires Henning Co. Inc. President Gary Squires would only say he can’t control if that money is paid.
Canandaigua City Manager John Goodwin is confident the developer will make deadline.
“The financers let us know that they are negotiating a settlement and they anticipate that to be settled by January 1st, which is prior to the January 3rd auction,” said Goodwin. “And we know the financial pieces are real because of all the due diligence their financers are doing, which involves getting some city documents.”
If this happens, Goodwin said work could resume on the five-story skeleton in spring.
“There are some building plans that need to get re-approved from changes, probably going to have a structural engineer review that the steel out there to make sure is still in good condition to use, so it might take some more time,” said Goodwin. “I anticipate in the spring time we'll see construction activity again.”
Back in February, developers David Genecco and Bob Murphy made their pitch for $4 million in city funding at an open finance committee meeting. The city also applied for a federal grant to help with the project. The status of that grant is unclear.
13WHAM News will continue to update this story as more information becomes available.