Manchester aldermen to vote on takeover of West Side arena
The revised document is similar to the original, but contains collateral provisions in case Renaissance is unable to deliver on its end of the agreement. Renaissance would establish a guaranty account to contain $300,000 by the end of 10 years that would revert to the city in the event of a default. In addition, the city would get to take over the company’s contracts, in particular its 25-year agreement with MRYHA.
Under the agreement, the renovations and maintenance of the facility would be handled by Summit Consulting and Management, which is owned by John Hebert, one of three principals of Renaissance. The other voting members of the corporation would be a representative of MRYHA and the city’s Department of Public Works.
Several aldermen at Monday’s meeting raised concerns that Hebert’s construction company stood to benefit from the arrangement. Hebert told the aldermen that he anticipated getting a “management fee.”
Hebert’s partners include his brother, Philip; both Heberts are Manchester natives and hockey enthusiasts. John previously ran a construction business in the U.S. Virgin Islands. The other partners include David A. Ross, a former attorney and consultant in Manchester, and John Deachman, an attorney with considerable experience in city hall matters who is serving as the group’s legal counsel.
Hebert said that he had shared his credentials with city officials. He stressed that the venture was key to keeping the West Side arena, which has had ongoing maintenance problems, in operation.
READER COMMENTS: 0
- Be like Wenceslaus The king who gave of himself - 3
- 'Yes, Virginia, there is a Santa Claus' - 0
- Slandering police: Racism in reverse - 27
- A mom's bail: Getting it right - 0
- Clooney gets it: Sony attack was not a 'crime' - 12
- Proof of Santa here: Hooksett's Dick Marshall, for one - 0
- Christmas spirit: Do you have more than a homeless man? - 1
- The Sony hack: Kim's judgment of Obama - 47
- Obama gets smoked: Castros celebrate in Havana - 38
READER COMMENTS: 0
- 2014 top 10 list of wage and hour - 0
- Thumbs-up for Ebert's winner - 0
- It's Central, Merrimack - 0
- Goal: Stay healthy - 0
- Year in review: A look back at NH's top stories - 0
- Indecent proposition from New London chief was 'chilling' says victim - 1
- Details of Reams inquiry released - 0
- New Hampshire police part of funeral for slain NYC officer - 0
- Workers' rally to bring back Artie T. captured public's heart - 0
Merrimack teen allegedly held girl captive
'Interview' buzz spreads to NH
Thoughts as we move from one year to another
Details of Reams inquiry released