It looks like a prime piece of real estate, but a portion of this 2.3-acre lot sits in a flood plain. So, . will take some engineering and likely millions of dollars.
The deteriorating site of the once-bustling building supply store has sat empty since 2006. In the summer of 2010, HRM Properties, in partnership with two other developers, pulled their $44 million commercial and residential plans to redevelop the site.
The project's demise came after a split Village Board pledged just $800,000 of up to $13 million requested from the developers for infrastructure improvements.
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So, as the property remains an unsightly part of Oswego's downtown with no development plans in the foreseeable future, we have to ask:
What would you like to see on the site of the former Alexander Lumber Co.?
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