Cherry said after the meeting he is already taking steps to have Guilford Mills advertised on the open market. He voiced optimism that a new buyer will be found for the property, which offers some 460,000 square feet of space.
In recent weeks, Butternuts executives had been looking into developing a relationship with the State University at Cobleskill that would have allowed firms moving into the Guilford Mills status to enjoy tax-free status under Gov. Andrew Cuomo’s Start Up New York program. But local officials pointed out that the regulations for that program have yet to be released.