Governor Cuomo Announces NY State Department of Transportation Waterfront Property in Ithaca Sold for $3.79 Million at Auction

Posted to Applied Web NY on Tue, 09/15/2020 - 18:42

Governor Andrew M. Cuomo today announced the $3.79 million sale of an 8.16-acre state-owned former New York State Department of Transportation maintenance facility located on the Cayuga Lake Inlet at 683 Third Street in Ithaca at a live onsite auction held by the New York State Office of General Services. The relocation of the DOT maintenance facility from the waterfront to a new, 15-acre location adjacent to the Ithaca Tompkins International Airport was initially announced by the Governor in May 2018 to improve agency operations while making this waterfront property available for development.  The new owner, Peter Dugo, president of Arnot Realty Corporation, one of four registered bidders, plans to redevelop the property.