BINGHAMTON (WBNG) — Several properties in Binghamton are set to be demolished.
Binghamton Mayor Rich David visited a property on Duke Street in Binghamton Thursday morning to begin a wave of 14 demolitions. It’s part of a project to target flood-prone properties and relocate the property owners to quality housing locations.
A grant from FEMA, awarded to the city in 2016, will cover the purchase and demolition of the properties, city officials explain. It will also cover all other related costs, which include relocation assistance for tenants of the properties, closing fees, appraisals, land surveys, and asbestos abatement.
The total cost of the project is estimated to be $1.5 million.
City officials say, some of the properties will be converted to be permanent green spaces after demolition, with the remaining properties will be leased to VINES, a Binghamton-based nonprofit focused on urban gardening and access to local foods.
Property owners who participated in the FEMA project did so voluntarily, the city notes, and were paid fair market value for their properties. The city worked to find and secure quality housing for all tenants affected by the project.