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Youngstown buys old Paramount Theatre building



Published: Wed, July 21, 2010 @ 10:57 p.m.

YOUNGSTOWN

The city decided to buy a dilapidated downtown building and give the go-ahead to have major improvement work done to another downtown structure.

In a somewhat surprising move, city council voted Wednesday to buy the former Paramount Theater on the corner of West Federal and North Hazel streets for $80,000.

The move came a month after a majority of council members refused to buy the building.

The concern of those members was the liability of owning a structure in need of anywhere from $400,000 to $750,000 worth of asbestos abatement and demolition costs.

The city will seek money from the state’s Clean Ohio fund to pay for that work, Mayor Jay Williams said.

For the full story on the deal and plans for the property, read Thursday's Vindicator or Vindy.com.


Comments

1Nunya(1356 comments)posted 3 years, 9 months ago

This isn't only nuts,..

Here it is slipped past the news hounds at 10:57 pm but it was known far earlier in the day.

Categorically it's collusion orchestrated cronies shill deal and criminally it's called fraud.

See that's a structure that the owners should have bore the cost of it's demolition or forfeited the dwelling outright.

Yet instead they were given an $80,000.00 gift out of the taxpayers pockets in what amounts to as theft.

A gift where neither the city nor taxpayers will receive nothing but a previously avoidable humongous expense from this.

Along with that what are / were the property / land tax's due / overdue on this building?

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2UnionForever(1470 comments)posted 3 years, 9 months ago

Youngstown council speaks out of both sides of it's mouth. The private owner should have been told to fix the building problems and that would have ended it. Now the city owns something it can't afford again. Just keep voting for those Demoliars in city council Youngstown!

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3blkpride(186 comments)posted 3 years, 9 months ago

How does the the city flip flop like this you ask? Answer: back room deals. pssttt! Hey $$$$. Now we have another building to put scaffolding around for 2 years with no work to be done one it. Thanks Jay! Oh by the way your cops need equipment and staffing! Doing a great job!

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4AKAFR1(322 comments)posted 3 years, 9 months ago

And this is why Youngstown has one of the highest income tax rate in the state. Hold the property owner responsible!

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5mrblue(923 comments)posted 3 years, 9 months ago

STUPID!! Take that money and put police officers on the streets. You do know that crime is a problem in Y-town, don't you? :Youngstown city council must be taking cues from Campbell city council on how not to run a city. STUPID, just STUPID!!

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6JClarkYT73(2 comments)posted 3 years, 9 months ago

Not to say that I agree or disagree with the decision, but I just can't seem to understand why everyone is giving Mayor Williams and Mr. Frangos so much grief over it. The Mayor and the entire City of Youngstown have, in my opinion done a great job promoting the city, especially the downtown, and have moved many people and new business into town recently.

Also, isn't Frangos one of the few, if not the only private individual who has invested multi-millions of dollars in Youngstown over the past few years? If a project isn't feasible there and the city can apply for grant money to get it demolished to remove the eyesore what is the huge problem, it seems to make sense to me... Its not like they agreed to pay him 4million dollars for it?

Anyway I am just saying if we care about Youngstown, which it sounds like we are all do form the comments I have read, we probably shouldn't alienate and degrade the Mayor, City Council, and the only investor in this towns recent history who just completed a major renovation of a vacant and abandon building right on the square over 80k? But this obviously is just my opinion and I could be wrong.

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7mrblue(923 comments)posted 3 years, 9 months ago

I do care about the entire area, but it seems to me that this money could be put to better use. You need safety forces on the streets, not an old beat building. (Just an opinion)

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