Wednesday, January 9, 2013

WDT: Happy Ending in Auction Drama

   A much better result from the latest auction for that warehouse on West Main Street taken for taxes last year year.
    A prominent local company, Knowlton Technologies, was high bidder at the new auction for the site, bidding $80,000. That's a healthy figure and in line with what the building was expected to yield before a previous auction produced a high bidder linked to the former owner who in the end was unable to pay what was bid.
    In the initial auction, the City did retain the $12,500 down payment, making the total haul on the property $92,500 minus expenses incurred in staff time and securing the structure for winter.
    City Council will approve the sale at its next meeting.
Watertown Daily Times | City has new buyer for Fort Drum Vehicle Storage warehouse

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