Owners of The Ice Mine in Fayette County, Pa., are actively looking for a buyer for the complex, according to a post on the rink’s Facebook page.
The post thwarted rumors that the complex is shuttering and instead explaining the normal reduced schedule for the summer is coming as the ice will be removed until likely September.
The rink, located south of Connellsville, could be yours for $2.27 million, according to the flyer. That includes the Olympic-sized rink, a roller skating rink, a gym, office space and party rooms, showers, locker rooms, Olympia ice resurfacers and the rink’s naming and branding rights.
The Ice Mine is owned by a business consulting company called Approach Advisors, reviving the once shuttered rink caught in a court battle from its previous owners. You can read about the colorful history of The Ice Mine in a post I wrote in September.
Is that price a deal or nah?
It’s hard to quantify that value sitting on my couch. The Fayette County Property Search did not bring up records for 5001 W. Crawford Ave., or 5001 SR 1051 for that matter. Maybe user error or website error–who knows. Without that, it’s hard to give a baseline of what the county think the property is worth from a taxable standpoint.
About an hour away, the Airport Ice Arena in Moon Township, Pa., was put up for sale back in 2007. According to a flyer by Oxford Realty Services, the 82,000-square-foot ice rink was built in 1995 and sits on 9 acres. The price was advertised for $3.5 million on this flyer, which listed other uses for the site other than as a rink.
However, this 2007 Beaver County Times article points out that price could inflate in different packages, according to owner Jim Lignelli:
The property is listed through GVA Oxford, of Pittsburgh, at $4.5 million for the business and land.
If the property is sold to continue as an ice rink, the price is raised to $5.2 million to cover special-purpose features such as the Zamboni machine that resurfaces the ice and the liquor license, Lignelli said.
A user on a Western Pennsylvania Hockey message board posted on March 14 that the rink sold, but the post is unclear on when the rink sold, to whom and for how much.
A poster noted that another firm, Howard Hanna Realty, had the rink listed for $6.25 million. There may be some truth to at least the sale closing because the listing is inactive now and you can only view a cached version.
Is it weird how the price climbed over the years while on the market, even coming out of a recession?
Anyway, whomever buys the property has to have the cash to sink into it for improvements if they want to keep the ice rink up and running for the long haul.
Refrigeration, air conditioning and insulation needs improved (witnessed fog on the ice last year in the summer along with ice separated from the boards).
Rubber flooring for skates need to be installed in the locker rooms and throughout that hallway and leading to the rink.
The showers need to be cleaned up. The water fountains need replaced or repaired, along with adding a couple of water fountains to fill your bottle easily.
The sinks in the restrooms need to be replaced or repaired. And it would be nice to have soap to wash your hands. Heck, doors instead of shower curtains for the toilet stalls would be awesome, too.
I don’t know how the rest of the facility looks like or its condition asides from the lobby and the gravel parking lot. That gravel lot could use a paving job, though.
It’s admirable that the owners were able to reopen the facility and keep it available for the community. And there’s now some hope new owners will have money and energy to fix up the rink and improve its branding and image.