Binghamton Mayor Matthew Ryan says a new agreement with Pennsylvania-based Boscov's regarding its downtown store is almost finalized.

Speaking on WNBF Radio's Binghamton Now program Tuesday, Ryan said the city is in the process of signing a deal with the department store chain. He said that's "good news."

The mayor said the agreement will address planned improvements for the store.

Ryan noted previous agreements "never really did much" to address building improvements. He said language regarding maintenance of the property will be included in the upcoming deal with Boscov's.

The mayor characterized the forthcoming agreement as "good for Boscov's and good for city taxpayers."

Ryan said Boscov's shoppers can expect to see some "nice upgrades" to the store in the near future.

The mayor would not specify the length of the deal nor would he provide other details. He said the agreement should be finalized soon.

In a March interview with WNBF News, Albert Boscov, the company chairman, said improvements were planned at the Binghamton store.

Crews have been delivering construction materials to the store at Court and Water streets in recent days. Store officials have declined to comment on the specific work that's planned at the site.