GoodSports Enterprises has received an extension on the field house complex it’s slated to build on a 13-acre parcel at K-96 and Greenwich.
Developer Jerald Good didn’t return calls to comment, but an attorney for master developer Wichita Destination Developers confirms the extension.
“Unfortunately, GoodSports has not been able to … finalize … the financing, the architecture, the building permits to start construction on January 1 as they were obligated to under the agreement,” says attorney Korb Maxwell.
Maxwell says Good now has an extension to Feb. 1, which he says could be extended again if Good meets certain obligations.
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“We made it pretty clear that there would have to be substantial progress made this month for us to consider another extension,” says City Manager Robert Layton. “We are aware of the fact that we need to get the project moving.”
Layton says he’s still confident in Good.
“I have not seen anything that would lead me to believe he can’t deliver.”
Good and Wichita Destination Developers have been working for several years to build a 65,000-square-foot multisport athletic facility, which will target regional and national tournaments, and an adjacent 120-room hotel for young athletes and their families.
The master developer is responsible for infrastructure improvements, which Maxwell says have been made.
The city is responsible for a new interchange for K-96, which is nearing completion.
GoodSports is receiving a portion of the $122 million sales tax and revenue bonds that are going to improve the area, including a K-96 interchange.
“Everybody wants Jerry and GoodSports to be successful,” Maxwell says. “We went through this process all premised on that fact, and we are going to do all we can to make sure that happens.”
In November, Have You Heard? reported that Good said he was scrambling to meet his Jan. 1 deadline but that he expected to.
“Once I pull permits, I’m ready to go,” he said. “Once we get the shovels in the ground everybody will be happy again.”
Good planned similar projects that are now on hold in places such as Ohio and Indiana.
“We have had our problems,” he said. “I have built and owned a lot of hotels. … I have never seen a time that’s more difficult.”
At the beginning of the year, Good attempted to close on a $134 million loan, which would have funded about six GoodSports projects. It didn’t happen, and that’s been his biggest issue, Good says.
“We had all these preparations, we had everything rolling, and then at the last minute, bang.”
In November, Good said he had his financing in order.
“It’s going to be pretty tight, but we’re going to get in the ground by the end of the year on the field house.”
Even though GoodSports did not meet its deadline, Wichita City Council member Pete Meitzner says he’s “still hopeful and confident” that it can.
“An extension’s probably not unusual in many things,” he says.
Still, he says, “There are timelines that need to happen.”
If GoodSports needs more extensions, Meitzner says, “We’d have to regroup and see.”
If Good fails to meet terms of the extension – or extensions – Maxwell says the master developer will step in and do the project instead.
“We have to deliver a field house, and we’re going to make sure that occurs.”