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FOR IMMEDIATE RELEASE: Contact: Magic Sports & Health Complex, LLC and the Hamilton Township Industrial Commission Reach Agreement on Hamilton Business Park LandMays Landing, NJ, October 2, 2006 -- Magic Sports & Health Complex, LLC, based in Toms River, NJ, has reached agreement with the Hamilton Township Industrial Commission for a sports and resort development in the Hamilton Business Park. Magic Sports & Health Complex, LLC plans to construct, maintain and operate an indoor and outdoor multi-use/multi-sports complex on approximately 137 acres. The complex will feature a variety of athletic fields and courts, learning centers, health and wellness facilities, conference center and food and beverage services. In addition, the resort components will include a 600-unit suites-oriented hotel and indoor water park for guests of the hotel and sports complex. The cost of the completed project is estimated at $250 million to $275 million. A recent planning board workshop reviewed the conceptual plans for the project. The workshop was comprised of the planning board officials, their professional staff and the New Jersey Pinelands Commission. “This has taken years of vision, hard work and determination, and, with the support of the Hamilton Township Industrial Commission, the day has come that we begin to make the dream a reality,” said Ronald J. Nametko, President of Magic Sports & Health Complex, LLC. “Sports travel teams, leagues, coaches, individual athletes, and sports enthusiasts, along with their friends and families, will travel from around the country and the world for training and competition at this state-of-the-art facility. Our southern New Jersey location, with its established destination amenities, is ideal, and the project will benefit the citizens of Hamilton Township and further enhance this region’s position as a premier destination,” he added. The Hamilton Township Industrial Commission was formed to promote and encourage business development within the township. The Commission owns the 600-acre Hamilton Business Park. The Commission does not permit land speculation within the business park; therefore, all sales agreements contain strict warranties and conditions regarding performance. The project construction will commence after the completion and satisfaction of all township, county and state mandated land use permits and approvals. “We have worked very closely with Magic Sports to reach this historic agreement. When completed, this sports and health complex will be a positive economic generator for the community and the surrounding region for years to come,” said Robert W. RaVell, chairman of the Hamilton Township Industrial Commission. |