1 Market St aka Old Odd Fellows Building

Did you know that at the last VB meeting, according to the mayor, that it cost the taxpayers $90,000.00 for the demolition of that building.  Did you also know that Trustee Sweet estimates that if the village ever tries to sell that parcel, we will have to pay back taxes anywhere between $20,000.00 to $30,000.00.  That is a very conservative estimate!  That would be a total of $120,000.00 that has been spent or will be owed.  Parcels that are similar to this can be found cheaper, but because of the market, are not moving at all!  The VB may have an interested buyer but may not be able to sell because the board has put more money into it than it is worth.  Car dealers call this being UPSIDE DOWN!  As a result the board has approved an appraisal of this property for $300.00 so that it can be determined that we will never recoup our losses!  The audio can be found by clicking here 29min:44sec