AUSTIN, Texas - Chaparral Ice at The Crossover was repossessed on Monday, according to Chaparral Ice officials.
Officials say Chaparral Ice suffered greatly during the pandemic. The business opened in August 2020, months after the pandemic started.
Monday, the bank asked the facility to accelerate payments on their loan, making the entire balance due immediately, according to Chaparral Ice.
"We are shocked and devastated. But most of all, we want to thank you for your concerns and questions about the facility and the wonderful team that has built The Crossover into an amazing community," Chaparral Ice said in a statement.
Chaparral Ice said they will continue operations at the Northcross location.
"The best way to honor our legacy and mission is to keep skating, keep exercising, and keep building bonds with your family and friends that last forever," Chaparral Ice said in a statement. "Thank you for your support and loyalty through the years, particularly through the hard times we all have weathered, and are still weathering together."
The Crossover, which is the facility in which Chaparral Ice's Cedar Park location was inside, gave FOX 7 a statement on Thursday:
"While it is sad that the relationship with Chaparral Ice became financially unsustainable, our two organizations continue to share the same passion and purpose for family, fun, entertainment and fitness. We’re incredibly grateful for their well-wishes, and likewise, wish them all the best."
The Crossover Management Team also said they hired a new entity to manage and operate the ice rinks, Rink Management. The rinks have been renamed to ONICE at the Crossover.
"All existing commitments, including memberships and scheduled events, will be honored. Additionally, a majority of the prior operator’s staff has already been re-hired," Crossover management said. "We’re all working together to make the transition as seamless as possible for our patrons."
The Crossover also noted that Chaparral Ice was one of the many tenants and amenities that are a part of their facility. They also offer music, dance, and other fitness concepts.
"We remain resolved in our commitment to ensure The Crossover continues to be a world-class destination for sports, wellness, and entertainment."
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The Crossover in Cedar Park offers sports, entertainment, & wellness
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