Tarentum Council will auction railway station
The old Tarentum railway station will be on the block on Aug. 18, but the restaurant inside will remain open, regardless of the buyer.
On Monday night, council unanimously voted to put the building up for public auction Aug. 18.
The auction is to take place at 6 p.m. in council chambers before council's meeting that night. Borough Manager Bill Rossey outlined the rules for the sale, but said the lease held by J.G.'s Tarentum Station Grille, the upscale restaurant occupying the building, will remain in effect when the property is transferred to the buyer.
“This has nothing to do with John Greco and the business,” Rossey said. “They're not closing.”
Greco, the restaurant owner, signed a 20-year lease with the borough in January 2013. That means there's about 18 1⁄2 years left on the lease.
“Whoever buys it, the lease goes with it,” Rossey said. “Whoever buys it will have a tenant for the next 18 years.”
Greco, contacted Monday night, said he plans to participate in the auction: “Absolutely, 100 percent, no doubt.”
He said he is paying $1,000 a month in rent now but the lease provides for increases over its term.
Although he has not owned the building, Greco has paid for renovations and improvements to it.
“We are not going anywhere,” Greco said. “We are going to be there a very long time.”
Rossey said the building, which is more than 100 years old, is being sold because officials don't want the borough to be a landlord and have to deal with the responsibility of building repairs and maintenance.
The borough's now defunct parking authority bought the building and surrounding parking lots in the early 1980s and it has been leased for use as a restaurant since then.
In preparing for the sale, the borough last year completed a subdivision of the property that allows it to sell the building but keep the parking lots and the revenue that comes with them.Rossey said the borough can use the cash from the sale to buy some badly needed equipment.“The borough is in desperate need for a backhoe,” he said. “Our current backhoe is 15 years old and we need to buy a small excavator, also.”
Rossey said the minimum bid will be $150,000.Rossey cautioned prospective buyers that they must adhere to the rules for the sale, which include: proving they have the financial wherewithal to make the purchase; putting up 10 percent of the purchase price in the form of a certified check; and paying the entire purchase amount within 30 days of the sale.
In addition, he said the stipulation of the sale is that the building remain a retail restaurant.
“We don't want it to be turned into somebody's warehouse,” Rossey said.
Greco said he has not heard that anyone else is interested in the building and doubts that there will be any competing bidders.
“I really do not, because I'm not sure it is going to be financially feasible for anyone to buy it and have us in there,” he said.
Tom Yerace is a staff writer for Trib Total Media. He can be reached at 724-226-4675 or firstname.lastname@example.org.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Freeport VFW initiates its ‘monumental project’
- ‘Wax weed’ worries authorities
- Plum landslide to be fixed after year
- Pyrotechnics display turns from benefit to burden in Tarentum
- State store relocates to Highlands Mall
- Cash 5 jackpot winner sold in Springdale
- Lower Burrell couple charged with 6 misdemeanor counts of animal cruelty
- Alle-Kiski Valley seniors get free lift to doctor’s office
- Vandergrift man accused of sexual assault
- New Kensington dedicates fireworks festivities to longtime coordinator
- Man who threatened to jump from Tarentum Bridge in custody