OSWEGO, NY – At its meeting Monday night, the Common Council authorized Mayor Tom Gillen to execute all documents necessary to effectuate the sale of the Midtown Plaza parking garage, located on East Bridge Street between East First and East Second streets.
SRE Midtown Garage Acquisitions, which is associated with The Sutton Companies, owner of the Midtown Shopping Plaza, made an offer to purchase the parking structure from the city for $1,000.
The offer is contingent on the purchaser obtaining all necessary state and municipal approvals, receiving acceptable environmental test results and receiving an agreement to perform any repairs or demolition of the parking garage for no more than $175,000.
Louis Fournier III, president of The Sutton Companies, of Syracuse, said it is their intention to perform the necessary repairs so that it can be used on both levels (or demolish the parking garage and create parking on only one level).
Fournier said there are no concrete plans currently for the plaza.
“Buying the parking garage was the next logical move for us,” he told Oswego County Today. “We have our engineers looking at what can we do, short-term and long-term. We’ve restored an old one; we’ll figure out what to do with this one.”
He feels confident that they will be able to abide by the contingencies in the proposed agreement.
When the contract is signed, the attorneys will look everything over, and they’ll do an environmental study and other things, he said.
The city has been “very helpful,” he added.
The upper level of the parking garage was closed for renovations last week.
It will remain closed until further notice, Fournier said.
“There’s some loose stuff on the bottom (or the parking garage) that we want to deal with,” he said. “The businesses will be fine; there’s still parking in the lower level.”
“All they did tonight was approve the mayor being able to sign the contract. I have 30 to 60 days to get things done. It will probably be a couple of months before the public notices any changes at the site,” he added.