Thursday, April 25, 2024 | St. Lawrence County, NY
By ANDY GARDNER MASSENA -- The former Slavin’s building remains in limbo, according to Dan Pease, a member of a local LLC trying to revitalize and market the decrepit property. He said the village …
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By ANDY GARDNER
MASSENA -- The former Slavin’s building remains in limbo, according to Dan Pease, a member of a local LLC trying to revitalize and market the decrepit property.
He said the village still holds the title because the group can’t come up with the $400,000 necessary to bring it back to life, and the actual cost could be significantly higher.
“The final number will be more than twice that,” Pease said.
The $400,000 was agreed in a May 2013 deal between the village and the LLC.
“Neither party has declared it to be stale,” Pease said.
He said they have several prospective first-floor tenants lined up, but they can’t get a bank to loan them the nearly half million dollars until they’ve inked a lease.
“We have a couple interested tenants. We have to have the first floor leased” for three to five years, Pease said.
Once they find a tenant, the LLC wants to flip the building to the lessee and use the money to do a similar project at another dilapidated property in the village.
