Pick a big building in your downtown which is largely vacant, deteriorating. It’s two, maybe three stories tall, built 80 or more years ago. Perhaps the cost of a true rehabilitation is beyond the financial ability and/or short-term timeframe of its individual owner or any buyer. And the prospects of any future 90% matching grants appearing on New York State’s horizon are dim. The building may be able to endure only five more years of neglect before it reaches the point of no return. Is there a way out?
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