Patchogue NY:

Possible Solution to the Tritek Delemma!

The original Tritek proposal for Main Street, Patchogue, NY, included a Hotel and Rental units! Many people are displeased with the current proposal from Tritek which does not include a Hotel! A merchant from Patchogue suggested that we start all over from ground zero!

I have a suggestion that may help to defuse the controversy. In addition, my suggestion would include Tritek, as part of the solution.

Using a condo complex called "Villas by the Sea," in Georgia, as a template; Tritek could take the 106 units that were originally slated for Hotel Rooms, and convert them to Condos. Each condo unit would be privately owned. The "Villas by the Sea" model, allows for the condos to be used as rentals if approved by the individual owners. All of the owners of the individual units constitute a "Condo Association."

An individual Condo unit owner can choose to live there, or allow his unit to be available for long and or short term rental. It is the short term rental facility that allows the complex to function as a Hotel.

An independent Rental Management Company would be in charge of rentals. A Maid Service would be resident; and a maintenance company could be on call. If something like a TV is broken, the Building Manager will call the Maintenance Company to deal with the issue.

Tritek as well as the individual condo owners would receive a check each month in compensation for the rental of their units, and Maintenance fees would be paid to Tritek by the Condo owners.

Given these difficult times, this proposal could solve our problem. My suggestion could be used as an abstract model, that would be altered through negotiations, with the ultimate goal of creating something that will benefit both Patchogue, and Tritek.

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