The Daily Star, Oneonta, NY - otsego county news, delaware county news, oneonta news, oneonta sports

Breaking News

Local News

October 19, 2013

County pulls plug on brewery

SCHOHARIE — Frustrated with the inability of Butternuts Beer and Ale Co. to close on a deal that would give the firm the shuttered Guilford Mills complex in Cobleskill, the Schoharie County Board of Supervisors opted Friday to spike the arrangement and seek a new buyer.

“We’ve gone well past the amount of time that was originally requested by Butternuts,” said Schoharie Town Supervisor Gene Milone, a Democrat, who introduced the resolution authorizing County Treasurer William Cherry to try to line up a new buyer. “It’s time for this to come to a conclusion.”

Representatives of the company and the spin-off firm that had proposed converting the vacant Guilford Mills into a craft brewery said they were not prepared yet to close on the property and asked for a time extension.

But only five of the board’s 16 supervisors were sympathetic to that idea: Harold Vroman of Summit, Anne Batz of Broome, Daniel Singletary of Jefferson, Tom Murray of Cobleskill and Robert Mann Jr. of Blenheim.

Once the property is listed, Milone said, the investors involved in Butternuts will be eligible to offer to buy Guilford Mills again.

“Nobody is going to turn them away,” he said.

Cobleskill Village Mayor Mark Galasso said he was disappointed the county chose not to give Butternuts an additional extension.

“I hope the county ends up not regretting it,” he said. “Here we are 12 years after the place closed down, and it is still vacant.”

Galasso argued that Schoharie County is desperate for new jobs, suggesting that the collapse of the Guilford Mills deal represents a squandered opportunity.

“Getting new jobs is the most important thing for this county,” Galasso said.

The Guilford Mills property has been appraised at nearly $4 million. The county’s agreement with the Butternuts spinoff, Longhouse LLC, called for the firm to purchase it for $2.5 million, with a significant chunk of that — up to $1.5 million — being returned to the company if it met certain job goals.

Text Only
Local News

Additional Content
Join the Debate
Helium
Additional Resources
CNHI News Service
Poll

Is Israel justified to conduct its military campaign against the Hamas in Gaza?

Yes
No
Undecided/no opinion
     View Results