JAMESTOWN – The Jamestown Post-Journal is reporting that Chautauqua County Executive Greg Edwards is negotiating the sale of the Chautauqua County Home with a new company.
According to an article, Edwards says he has been working over the last couple of months with a company who expressed interest, adding that he is now working to try and finalize terms of a possible sale so that it can then be introduced into the legislature for them to review.
In 2012, the county hired the marketing firm of Marcus & Millichap out of Chicago to help locate a buyer for the home. Earlier this year, an offer had been made by Altitude Health Services of Chicago, but was voted down by the legislature. Altitude Health offered to buy the home at a price of $16.5 million, but that offer failed by one vote in January of this year.
Edwards would not disclose the name of the current prospective buyer, but did say it is a company that had not come forward in the past.
According to Edwards, the latest terms of sale should be finalized in the coming weeks, with the sale of the County Home expected to go before the legislature by the October voting session.