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Council discusses sale strategy for contaminated lot at 40 East Front Street; remediation costs weigh on minimum bid
Summary
Council discussed advertising for sale of a half-acre light-industrial lot at 40 East Front Street that the borough acquired at tax upset sale; remediation estimates (~$90,000) and demolition costs factor into whether to set a minimum bid or seek appraisal.
Palmyra Borough Council discussed whether to advertise for sale a half-acre light-industrial lot at 40 East Front Street that the borough purchased at a tax upset sale, tore down the building and has since carried remediation and demolition costs.
Staff said two parties have expressed interest. Council members and staff debated whether to set a minimum bid to recoup roughly $80,000 to…
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