ELMIRA, NY (WENY) -- The LECOM Event Center, formerly known as First Arena, is preparing to change hands from the Chemung County Industrial Development Agency to a private entity.

In July, the IDA announced it would transfer ownership of the arena to Stemerman Sports Entertainment, LLC, the same owners of the Elmira Aviators hockey team.

RELATED: New Owners, Expanded Hockey Announced for LECOM Event Center

On Wednesday, Chemung County Executive Chris Moss shared a letter on Facebook he said he presented to the IDA at a public hearing, expressing concern over a proposed Payment in Lieu of Taxes (PILOT) agreement for the new owner. Additionally, Moss pointed out that over the past two years the arena has operated at a financial loss, and alleges the IDA has not been transparent with th

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