Endicott Awarded $6 Million for Demolition of Old IBM Buildings
The long-planned project to tear down five large buildings once used by IBM Endicott has received a big boost with a multi-million dollar grant from New York state.
The village of Endicott is to receive $6 million to help pay for the cost of demolition of 550,000-square-feet of vacant industrial space along North Street.
The buildings are part of the Huron Campus. They are located east of McKinley Avenue.
Mayor Linda Jackson on Tuesday afternoon said the award was the news "we have been waiting for." She said she hoped the grant will help expedite the process of getting the unused buildings removed.
According to the state announcement, the project "will create a 10-acre shovel ready site for anticipated new development in the industrial park."
Chris Pelto - who manages the Endicott properties for Phoenix Investors - last week told WNBF News he hoped the demolition project could get underway before the end of winter.
The project is expected to take a few months to complete once it gets underway. An engineering firm is conducting a study focusing on the logistical issues associated with the planned demolition job.
The village of Endicott also is to receive $350,000 to help cover renovation costs at the former Kmart shopping plaza east of Vestal Avenue.
Green Mountain Electric Supply of Vermont is acquiring the abandoned property. The 95,000-square-foot building is to be converted into a regional distribution center.
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