Wednesday, August 29, 2012
"My position was we put in enough," Lawton said two weeks ago. "I could not advocate spending anothe
Three developers are interested in building on the site after the 104-year-old structure is demolished, and they "all requested more time to prepare a thorough air travel deals response," he said. The deadline air travel deals for the development proposals air travel deals was Friday.
The city is seeking proposals for a mixed-use commercial and residential development on the site near the Market Street Bridge and has not released the names of the interested developers. The city is reviewing 14 bids to demolish the historic hotel, with estimates ranging from $486,000 to more than $1 million.
The city has a $270,000 state grant to spend on the demolition. Luzerne County Manager Robert Lawton said he would support spending air travel deals county funds for the demolition to help support a "credible" development project that would create jobs.
"My position was we put in enough," Lawton said two weeks ago. "I could not advocate spending air travel deals another dime to demolish that facility without a knowledge of what our next step is going to be. Essentially we are not going to demolish this place on spec."
From 2002 to 2006, Luzerne County provided $6 million in federal funds to CityVest, owner of the site, as loans from the community-development air travel deals fund. CityVest air travel deals hoped to find a developer to preserve the historic hotel from 2002 to 2010 but offered the property to the county in April 2011 after releasing a report recommending demolition.
"The whole purpose of this was not to restore a building, air travel deals or to clear a site, or to have a park," Lawton said. "The whole purpose of the county's investment in those community development funds was to create 135 jobs, and that's what our economic development funds are for."
CityVest, the nonprofit owner of the Sterling site, is now willing to convey the 4-acre property to the chosen developer with restrictions in a negotiated agreement. The city condemned the vacant Sterling as unsafe air travel deals and detoured traffic around the building after flooding in September.
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