MASSENA The Town Council may move ahead with seeking appraisals on property at the Massena Intake and Massena Point turned over to the town by the New York Power Authority as part of the 2003 relicensing agreement.
Council members Wednesday discussed the towns options for selling the land, including having the property appraised and whether to go through a real estate agency or advertise the property on their own. Councilman John F. Macaulay said he believes it would be in the best interest of the town to go through a real estate agency.
(I would like to) get real estate people involved in future endeavors. We should go ahead and get (the properties) out of our hands, let them work on it, Mr. Macaulay said.
Mr. Macaulay said the properties would have to be appraised before the town could begin to work with a real estate agent.
Before we give it to a real estate guy wed have to know the price, some kind of value to put it on a listing, he said.
Councilman Charles A. Raiti said he believes the council will vote on whether to have those properties appraised at its next meeting Jan. 16. Once the land is appraised, the council will have to weigh its options.
Mr. Raiti said in order for the property to be advertised on national websites, the town would have to agree to an exclusive listing, meaning that for a set period of time, all offers and advertisements would have to go through one broker. Mr. Raiti remains in favor of going through a Realtor, saying it would save town officials time and effort.
They do all the marketing and all the labor, (and could) possibly get some national advertising on the property, he said.
Mr. Gray would like to look at exclusive listings through any interested agents, to find one who will list the property for the lowest possible commission. He also expressed a hesitancy to move ahead on the properties, particularly Massena Point, in order to find the best possible deals.
There is no way we are selling Massena Point for $10,000, when it is worth $200,000, Mr. Gray said. That is an extremely valuable piece of property and it might not be the right time to sell it. But theres no way Im going to sit back and dump it for a bottom-basement price.
Despite his hesitancy to sell the Massena Point property, Mr. Gray would like to have it appraised, noting the town might be able to reduce the costs of the appraisals by having them both appraised at the same time.
More than 300 acres of land formerly held by NYPA was returned to the towns of Massena, Louisville, Lisbon and Waddington at no cost following the 2003 relicensing of the St. Lawrence-FDR Power Project. But little has been done yet with those parcels. Officials blame a lagging property market and a general hesitancy throughout the region toward making large investments during uncertain economic times.
According to a study completed by a consulting firm retained by NYPA in January 2011, nine parcels of property along the shores of Waddington, Louisville and Massena are best suited for a marina or other large-scale commercial development.
The study evaluated land currently or formerly owned by NYPA in the three towns adjacent to the St. Lawrence River. Its conclusions are meant to show the towns which parcels would be the easiest for shoreline development, proposals that could include a marina, commercial dock or restaurant.
Those nine parcels are on or near Whitehouse Point and Whittaker Park in Waddington, on Mutton Ridge and adjacent to the Lake St. Lawrence Yacht Club in Louisville, and near the Massena Water Intake and Robert Moses State Park in Massena.