October 19th, 2017
HORNELL, NY – At Thursday’s Board of Public Works meeting it was announced that the old Rainbow Heaven lot, vacant since the building burned down, will officially fall into the hands of the American Legion next door.
Mayor Hogan told the board that the city funded the demolition of the burned building to the tune of $48,000 and never received compensation from the insurance company because it is still contesting the claim, hence the property wound up in the tax sale. The city picked up the property for back taxes of $17,000.
With the deed now in the city’s hands, the neighboring American Legion expressed interest in purchasing it to expand their parking. Hogan said the sale would be feasible if the city could recoup the money they had invested in it, so a deal was made with the purchase price of $67,000 including closing costs. “Their happy, were happy, because we will be recouping our costs, so it’s a win win situation for all parties involved.”