BINGHAMTON, N.Y. — Broome County plans to sell the former Phillips Foundry building and adjacent lots to LCP Group Inc. of Vestal for $5,000.
LCP Group plans to demolish the building by the end of 2018. The Vestal firm is a general contractor specializing in environmental remediation, asbestos services, and demolition, according to its website.
The Broome County Legislature is scheduled to consider the sale during its August session, according to a Broome County news release issued Wednesday. The next scheduled meeting is Aug. 16, according to the Broome County website.
“Taking down major eyesores around Broome County is the first step in combating community blight and ensuring future economic growth. The demolition of these abandoned, dilapidated, properties near the Brandywine Corridor will continue the process of building a better Broome County,” Broome County Executive Jason Garnar said in the release.
Dave Hamlin, Broome County’s director of real property tax services, and representatives from LCP Group Inc. joined Garnar for the announcement.
Broome County wants to sell the properties that include the building at 80 Frederick St.; the commercial lot, parking lot and lots at 39, 41 and 43 Montgomery St.; 52 Whitney Ave., described as a “commercial lot;” and the property at 60 Whitney Ave. Total size of the property under consideration for sale is 2.79 acres.
The 80 Frederick St. property, formerly known as Phillips Foundry, has served “numerous” purposes over the years, but was once a manufacturing site of aircraft parts during WWII, Broome County said.
LCP Group Inc. owns 111-115 Montgomery St. and is in the process of acquiring 33 Montgomery St. as well.
“Removing the old Foundry building is an important step towards revitalizing the Brandywine Corridor,” Christina Pierce, vice president at LCP Group, Inc., said. “LCP is excited that Broome County is willing and able to work with us to turn today’s waste into tomorrow’s resources.”
Since the 1990s, the eastern portion of the Phillips Foundry site has been used predominantly as a parking lot and improvements have not been made to the on-site buildings.
Broome County acquired the property in December 2015 through tax foreclosure, per the release.
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