It has come to our attention that the Sherburne Inn and the former Big M grocery store buildings are to be sold and torn down. The buyer is set to put a convenience store and gas station on that corner in Sherburne.
Once again, Sherburne stands to lose yet another property to "progress." The deal is going forward unless there is a counter-offer by Friday of this week . The owner has stated that a non-refundable deposit of $150,000 will hold the properties until the New Year, by which time whoever offers that sum either comes up with the purchase price or forfeits the deposit.
The amount of the offer must be $425,000, which purchases both properties. Beyond that, however, is what is the appropriate use of that property? Neither building has been maintained well in the recent past. The Inn has stood vacant for approximately seven years. If we are to restore the Inn, the cost could be upward of $3 million. An alternative exists, but it will not be easy. Both buildings would need to be torn down and an architecturally pleasing hotel/ restaurant/event facility could be put in its place. The cost to start from the ground up is more efficient, although the dollar amount will not be significantly lower.
A group of concerned citizens is forming a partnership, requesting that each investor commit $1,000 (or any combination thereof...5 investors at $200, 10 at $100, etc.). We are hoping, if the $150,000 can be raised this week, that ultimately 3,000 individuals will commit $1,000 to save these historic buildings, or in turn replace them with historically appropriate structures. The news of the buildings being sold and torn down is fresh, and time is very short. If there are enough interested people who will invest without demanding an immediate return, then Sherburne can have an Inn again, but we need to know by Friday whether or not this is possible.
This is a bitter pill for Sherburne. It is happening everywhere in New York State, and indeed in our country. If we are going to save Sherburne from becoming a crossroads where gas and beer are for sale on the anchor corner instead of a community with a beautiful heart, we have to act swiftly and decisively.
Please email me at email@example.com with your pledge.