Woolworth Building To Become Affordable Housing
If you use the city bus system in Watertown, you'll be happy to hear the downtown bus station probably won't be moving.
A new developer is taking over the old Woolworth building and plans to make it into an affordable housing complex.
Previous proposals -- like turning the building into a hotel -- made it likely the bus stop next to it would be taken down.
City planner Ken Mix says that is no longer the case.
"Now that it's affordable housing, the public transportation is seen as an added benefit," he said, "so people living in the Woolworth building would be able to step right outside their door."
The previous developer, Mike Treanor, is selling the building to his partner, David Gallo.
Gallo has until January 8 to apply for low-income-housing tax credits for the $10 million project.
Thursday, November 27, 2014, Watertown, NY
On Wall Street