The prospective buyers are the owners of Circle Bowl & Entertainment in Roxbury and had planned to renovate the center into an expanded entertainment destination with 20 renovated lanes, a full kitchen sports bar lounge, arcade game room, 2-story laser tag arena and an outdoor beer garden with a fire pit and bocce courts. They were going to pay $1.3 million for the bowling center and invest $3.7 million to complete the project.
The Fort Monmouth Economic Revitalization Authority (FMERA) stated in a resolution that FMBEC was not able to close on the property "within the timeframes specified in the request for sealed bids and further negotiations between the parties failed to result in an agreement."
FMERA will now seek a new owner for the center through the request for offers to purchase (RFOTP) process instead of sealed bids.
"Staff believes the RFOTP process may allow greater flexibility for selecting the scenario that would maximize the development potential and economic value (of the property," the resolution states.
The RFOTP will also allow the future buyer to enter into an agreement with FMERA which will issue them a "special concessionaire permit" that will allow them serve liquor at the lanes.
The property will be made available to developers in the coming weeks.