SCHENECTADY Armory sold for $260,000 Buyers planning indoor sports facility
BY MICHAEL GOOT Gazette Reporter
Layup drills may replace troop drills at the Schenectady Armory, as a pair of local developers on Tuesday agreed to purchase the building for $260,000 and convert it for indoor sports programs. Cousins Jeff and Ray Legere of Legere Properties and Legere Restorations beat out two other bidders at an auction held at Schenectady City Hall by the state Offi ce of General Services, which owns the property. “I would have liked to have gotten it for less, but we’re pretty pleased,” Jeff Legere said. “We’re a local construction company and we’ve done a lot of restorations.” Among their restoration projects are the former Finserve building that now houses the Ellis School of Nursing on Erie Boulevard, an old city firehouse on Wendell Avenue and the refurbishing of the Lawrence the Indian statue in the Stockade. They also recently purchased the former Grossman’s Bargain Outlet building at 1410 Erie Blvd., where they plan to open a local co-op market. Ray Legere said there is a huge demand for an indoor sports arena in the area. “Thousands of kids every night go to different parts of the Capital Region,” he said. The old drill space has room for six full-size volleyball courts, he added. Schenectady County Community College used to practice and play its home games at the armory before relocating to the YMCA in Center City downtown. Jeff Legere envisions this facility hosting tournaments and attracting visitors to the city. The facility has only 75 parking spaces. However, Ray Legere said they plan to work with SCCC to see if they would be able to use the college’s parking lot across the street during off-peak times. The building is on the state and national registers of historic places but Ray Legere said that shouldn’t be a hindrance to their redevelopment plans because the historic designation mostly deals with what can be done to the outside of a building. The property is currently assessed at $4.2 million. It needs a new roof, elevators, heating and cooling system and improvements to make it handicapped-accessible. There’s also the cost to heat and light the building — an estimated $110,000 annually. However, the cousins didn’t appear to be daunted. ..........................>>>>........................>>>>....................http://www.dailygazette.net/De.....r00903&AppName=1
"In the beginning of a change, the Patriot is a scarce man, brave, hated and scorned. When his cause succeeds, however, the timid join him, for then it costs nothing to be a Patriot."
Remember how the DEM mayor of BS (Stratton) sold properties for just one dollar to a scum absentee landlord who was also a tax delinquent.
Did the city check to see if these guys were current on all taxes? Any code violations? How about the unsightliness of that firehouse they own on Eastern Ave.
Optimists close their eyes and pretend problems are non existent. Better to have open eyes, see the truths, acknowledge the negatives, and speak up for the people rather than the politicos and their rich cronies.
Everything sounds great in theory and in the beginning......time will tell!
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
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