MIDDLETOWN – Mayor Joseph DeStefano has a plan which he said could be the last-ditch effort to save the dilapidated O&W Station in Middletown.
It is estimated to cost $1.5 million to raze the building so rather than do that, he is proposing to use that money, some $2 million in federal stimulus funding and $2 million in federal economic development initiative funding, if the city can get it, to rebuild the structure.
“We would operate the facility once renovated as a business incubator similar to how we are operating the former Woolworth building with tenants doing build-out. It is a low-income targeted area, but it is also, at the same time, a gateway to our downtown,” he said.
DeStefano said one developer is looking at the historic building, but nothing has been formalized.
