Demolition Begins At Former Big Lots PlazaPosted: Updated:
Nearly two years after it was declared in danger of collapsing, the former Big Lots Plaza is coming down. Demolition began on Wednesday morning at the abandoned store on Binghamton's north side.
"These types of blighted properties are often times magnets for criminal activity and pull down areas. What we want to do is put these properties back on the tax roles and leverage additional development," says Binghamton Mayor Rich David.
Costing a total of $400,288, the demolition is 90% funded by a Restore New York grant with 10% of the money coming from the city's general funds.
The demolition clears the way for a planned $11 million affordable housing project. The four-story housing complex would provide 48 one and two bedroom apartments on upper floors, with commercial space available on the lower level. The Binghamton Housing Authority and 3d Development are applying for tax credit financing from New York State to fund the project. Once approved, construction could start as soon as spring, 2018.
The housing units will take up about half of the site. David says the rest of the property will be saved for future development.
Demolition of the building will take about three weeks, with additional site work taking two weeks.