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Wednesday, July 9, 2014
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| John Ottaviano, chairman of the Lockport Ice Arena & Sports Center Inc., announces this morning that Cornerstone CFCU has signed a 12-year-deal for naming rights of Lockport's new ice arena. (PHOTOS BY HEATHER N. GRIMMER / CONTRIBUTOR) |
BY SCOTT LEFFLER
scott.leffler@eastniagarapost.com
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Public officials, Cornerstone board members and youth hockey players pose
for a photo after this morning's announcement.
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The agreement includes exclusive exterior facility naming rights, interior and exterior signage, on-site ATM presence, and use of the facility for select Cornerstone member nights. Financial terms of the deal were not disclosed.
Lockport Mayor Anne McCaffrey said the city is "on the cusp of a renaissance" and that the arena will be a big part of it, having an impact on local business development and bed tax revenues.
"The impact of the arena will be significant for years to come," she said this morning.
Dave Nemi, chairman of the Cornerstone board of directors, said "The Cornerstone CFCU Arena will be a lasting community resource that will anchor the ongoing birth of the Erie Canal corridor in downtown Lockport and improve the lives of the residents throughout Niagara County for decades to come."
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| Cornerstone CFCU Arena is expected to open in September. |
"The Cornerstone CFCU Arena is not solely a sports facility," said John Ottaviano, chairman of Lockport Ice Arena & Sports Center, Inc. "It is a community resource that will combat juvenile delinquency and the deterioration of our neighborhoods, promote social welfare and physical fitness, lessen the burdens of government, and help foster good sportsmanship."
A tournament planned for February is expected to draw people from not only Western New York, but neighboring states and Canada.
"We anticipate that Cornerstone Arena will draw 150,000 visitors to Lockport in a year," said A. Angelo DiMillo, vice-chairman of the board for Cornerstone CFCU.
Chuck Bell, the city's director of economic development, echoed McCaffrey's statement that the arena will have a positive impact on the city, particularly the areas closest to the arena itself.
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Cornerstone board members and employees pose for a
quick snapshot.
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"When Lockport has needed Cornerstone, they've always responded," McCaffrey said. State Sen. George Maziarz called Cornerstone "a great community organization." And Ottaviano called them "a recognized leader in the community that has supported countless programs through the years."
Nemi noted that the credit union has previously sponsored the Canal Concert Series, the city's annual Independence Day fireworks, the Taste of Lockport, and other large-scale events.
Cornerstone is the largest credit union based in Western New York with more than 47,000 members and 130 employees. It has two locations in Lockport, plus one each in Middleport, Lewiston and North Tonawanda.
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| An artists rendering now includes the logo for the newly named Cornerstone CFCU Arena. (CONTRIBUTED ART) |
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