Notice of Intent to Enter into Negotiations for the operation, renovation, and maintenance of a restaurant and banquet facility at Clearview Park, Queens

Description

In accordance with the Section 1-14 of the Concession Rules of the City of New York ('Concession Rules'), the New York City Department of Parks and Recreation ('Parks') intends to enter into a negotiated concession for a license agreement for the operation, renovation, and maintenance of a restaurant and banquet facility at Clearview Park, Queens. The selected operator must be able to operate, renovate, and maintain the multi-level facility as a high-quality restaurant and banquet facility. The concession will have a term not to exceed twenty (20) years. The concession will be operated pursuant to a license issued by Parks. The concession is projected to commence early 2027 and will expire no more than twenty (20) years from the commencement date. As compensation to the City, Parks anticipates receiving a license fee, expressed as the greater of a guaranteed annual minimum fee versus a p