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Oswego Daily News

Restore NY Grant Funding Aids Oswego Stevedore Site Project

September 3, 2009 Contributor
Empire State Development on Wednesday announced close to $9.5 million in grants for projects in Oswego, Jefferson and St. Lawrence counties as part of the third round of Restore NY grant program. The city of Oswego will receive $1.6 million to develop the Stevedore Building, a vacant warehouse located on the Erie Canal Heritage Corridor and in the Oswego Empire Zone.

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Fulton Daily News

Fulton’s Home Rehab Experiment Makes Its First Sales, Turns A Profit

September 3, 2009 Contributor

The city of Fulton’s first efforts at entering the real estate market have turned a profit.

The city this week approved the sale of homes at 470 S. 6th St. and 414 Park Ave. to new owners. (That’s the S. 6th St. home you see above.) The city seized the homes for having unpaid property taxes. Normally, local governments sell the homes at auctions, usually for the amount of taxes owed. But Mayor Ron Woodward had an idea: What if the city rehabbed the homes and sold them at market rates, just like any other homeowner?

Now, there’s an answer.

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