The sale of the former Village Hall to a local businessman may be in jeopardy, the Town Board learned Tuesday.
Town Attorney David Foster, while giving his monthly report, said George Tilton, owner of 5Star Medical, has told Foster he may not be able to complete the sale.
“He said business has been slow and his business plan is changing,” Foster relayed. “The funding to buy the property may not be there.”
According to Foster, Tilton requested June 27 as the date to complete the sale. If not, Foster said the town will put the 60 State St. property back on the market.
In September 2016, the board voted to accept Tilton’s $90,000 bid for the property. He planned to convert it to the new home of his 5Star Medical outfit that currently is set up across the street. His bid was the only one received for the property, a converted railroad station.
5Star Medical manufactures disposable, single-use electronic surgical pencil devices.
Tilton said he could employ up to 50 people once his operations are up and running, and noted he would seek county Industrial Development Agency assistance.
Foster said the sale of the former Town Hall and Seneca Falls Hospital Medical Arts Building at 10 Fall St. has not been completed either. The town accepted a $75,000 offer from Longley-Jones Management of Syracuse in November 2016. The company also planned to buy the adjacent parcel, site of the former Seneca Falls Hospital, and combine the two properties into a new apartment complex overlooking VanCleef Lake.