Local news- Press Release
City of Binghamton New York - Mayor Kraham Provides Update on Federal Case Involving Binghamton Plaza Owners 22 September 2022 ( news )
City of Binghamton , state New York ( By Press Release office)
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Mayor Kraham Provides Update on Federal Case Involving Binghamton Plaza Owners
( BINGHAMTON , N . Y . )
Mayor Jared M . Kraham on Thursday released the following statement regarding the federal bankruptcy case involving owners of the Binghamton Plaza:
“On Wednesday , a U . S . Bankruptcy Court Judge signed an order dismissing the Chapter 11 case involving the owners of the Binghamton Plaza . This order also dismisses the shield that may have given the Plaza owners pr......otection from a number of government actions , including eminent domain proceedings by the City of Binghamton .
“Yesterday’s dismissal represents an early victory and a significant step forward in the City’s effort to gain control of the long - decaying Binghamton Plaza and clear the way for revitalization on the North Side .
“The City can now move forward with an eminent domain proceeding to acquire the property for the public good .
“The Binghamton Plaza has continued to deteriorate for decades , diminishing quality of life for North Side families and hurting nearby small businesses . Enough is enough .
“Yesterday’s court action was one positive step in what will be a long fight for progress on this property . But after decades of inaction by property owners , it’s a step worth celebrating . The City will continue to be proactive and aggressive on behalf of residents as we move forward with our eminent domain action . ”
View the order of dismissal , filed Wednesday ,
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