MAYVILLE – The Chautauqua County Legislature Wednesday night approved the sale of the Arcade Building in Downtown Jamestown for redevelopment.
According to the Post-Journal, the historic building – which has been closed off for use for the past two decades – was sold to Home Leasing LLC of Rochester for $25,000. The county had gained possession of the building along N. Main Street due to a tax foreclosure.
Home Leasing LLC is also the company that is currently constructing a housing project in the village of Falconer along W. Main Street.
According to a study released in 2017, the cost to renovate the Arcade Building would be an estimated $16.5 million, while the cost to demolish it would be $1.7 million.
The building was also added to the New York State Prevention League’s “Seven to Save” historic structures list in 2018.