Wednesday, June 23, 2010

Pekin Dome Ownership

After a series of meetings over the past month, the City of Pekin is pleased to announce that a tentative agreement has been reached for the purchase of the Dome Complex. The prospective buyer, Avanti’s Dome LLC intends to close on the acquisition June 29. The purchase includes a total of  33.12 acres of property located on the city’s east side.

“This agreement for a new owner to take over the Dome operations and outdoor sports facilities is the result of a number of very positive discussions with Avanti’s owner, Albert Zellar and his team,” said Pekin Mayor Rusty Dunn. “We couldn’t be more pleased that Albert is committed to taking the Dome to a level of success that we think it can reach.”

“We believe in the Dome and its potential, and we know it is an asset to the Pekin community as well as the region,” said Albert Zellar, CEO of Avanti’s LLC. “With the right people in the right place to manage and market it along with working closely with the City, I’m confident the Dome is going to thrive. We are excited about the opportunity to reach out to the community. The success of the Dome is vitally important to all the businesses in Pekin and it's residents”

This will be Zellar’s second significant investment in the Pekin community within the past year. The Avanti’s restaurant at 3610 Kelly Avenue opened last fall.

At its upcoming meeting on Monday, June 28, the Pekin City Council will vote on an agreement to loan $500,000 to Avanti’s LLC to purchase the property. The money would come from the City’s Hotel-Motel tax fund reserves, to be paid at closing.

Related to today’s announcement, Pekin’s Economic Development Coordinator Steve Brown will be leaving his role with the City and joining the Avanti’s team in a key management role at the Dome effective July 1.  ekin City Manager Denny Kief will formally announce next week that Leigh Ann Matthews will assume the City’s lead role in Economic Development. Matthews is currently the director of Pekin’s successful Main
Street program.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.