I went into the meeting with much skepticism regarding the Hudson Holding's proposal but now believe it may be the only proposal that addresses several of the problem issues at the beach complex.
- Higher revenue income is needed to cover the beach complex's growing expenses. Fudging the $500,000 of yearly debt service to improve the bottom line is wrong.
- Lack of sufficient parking. This is a huge problem. Simply increasing the parking rates may result in driving customers away—not something the present commercial tenants will appreciate.
- The new casino building has ongoing construction and maintenance issues which need to be addressed.
- The pool area was not included in the beach complex's initial reconstruction plan and desperately needs to be upgraded. The facility is an eye sore. Stepping into the changing area is what I'd expect in the USSR or Cuba—totally run down and depressing. The pool is nice but it is under utilized and there isn't any kiddy pool or other related amenities.
The reconstruction of the pool structure is a win-win for Lake Worth and Hudson Holdings. The City will get a new building and a new pool complex with more ground floor commercial space—HH gets prime commercial space to let out for events etc. and be able to provide a beach amenity for the hotel patrons.
As stated by many citizens at last nights meeting, the community has already agreed to the present use of commercial space and parking facilities at the beach. Since the proposed project reduces the foot print of the present structure perhaps with more community input regarding the final design of the pool complex, the parking complex and addressing environmental concerns many citizens' concerns will be eased.
The proposal presented is just the beginning. . .as the saying goes "the devil is in the details", construction concessions, revenue sharing, code compliance, the leasing terms for the parking garage, pool structure and existing commercial space will be very critical in establishing the final product and actual revenue Lake Worth receives from this project.
I think Hudson Holdings proposed beach complex improvements and their interest in investing in our community are great! Let's not scare them away.
/s/ Judith Ann Just
Judith Ann Just, Attorney, P.A.