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New offer made for FMCC dorms; Amsterdam landlord claims he will pay more than other buyer

New offer made for FMCC dorms; Amsterdam landlord claims he will pay more than other buyer | The Daily Gazette SECTIONS When credibility matters By Jason Subik/Staff Writer | May 3, 2021 Shares0 FULTON & MONTGOMERY COUNTIES – William Petrosino, an Amsterdam-area landlord, made an offer on Thursday to buy the Fulmont College Association’s three dormitory halls at Fulton Montgomery Community College. He said his offer is “substantially higher” than the $1.1 million purchase agreement between the association and Dan Vann Properties. Either arrangement must receive court approval. Petrosino said he’s been interested in buying the dormitory buildings at 588 County Highway 142 since before 2010, when the U.S. Department of Agriculture loaned the Fulmont College Association $11.3 million to buy and upgrade the 1980s-vintage Fulton Hall and Montgomery Hall for $4 million from the Massachusetts-based private company that owned them and building from scratch the $7.1

New yorkUnited statesFulton hallFulton countyNoord hollandTeresa monroeBianca aliceaGregory truckenmillerFulton montgomery schoharieDan vannMontgomery hallMichael samponeJohnd hoggan jrWilliam petrosinoDan rothPeter struzzi

FMCC withdraws dorm sale petition; Fulmont College Association drops bid to sell buildings, for now

FMCC withdraws dorm sale petition; Fulmont College Association drops bid to sell buildings, for now | The Daily Gazette SECTIONS Shares0 The Fulmont College Association on Wednesday withdrew its petition to Fulton County Supreme Court for permission to sell its three FMCC dormitory halls for less than their appraised value to Amsterdam-based Dan Vann Properties LLC for $1.1 million. The FCA’s attorney Robert Schofield, of the Albany-based law firm Whiteman Osterman & Hanna, notified the many parties involved in the proposed seven-figure dorm hall sale in an email at 6:12 p.m. Wednesday. “A few moments ago, I filed the attached Notice of Discontinuance, discontinuing and withdrawing my client’s Petition for Approval of the Sale of Real Property,” reads the email from Schofield. “We will likely refile the proceeding in the near future.”

New yorkUnited statesMontgomery countyFulton hallFulton countyNoord hollandMeghan manionGregg wilburBianca aliceaFulton montgomery schoharieGreg truckenmillerMontgomery hallJason brottWilliam petrosinoTeresa monroeRobert schofield

U S Attorney to appear in dorm sale case | The Daily Gazette

U.S. Attorney to appear in FMCC dorm sale case | The Daily Gazette SECTIONS Shares0 FULTON & MONTGOMERY COUNTIES – The U.S. Attorney’s Office for the Northern District of New York has filed notice with Fulton County Supreme Court indicating it will be participating in the upcoming court proceedings over the matter of the potential sale of three F-MCC dormitory halls owned by the nonprofit Fulmont College Association. The court filing indicated Assistant U.S. Attorney John D. Hoggan Jr. will be appearing in the case on behalf of the U.S. Dept. of Agriculture. The USDA in 2010 loaned the Fulmont College Association $11.3 million for the purpose of purchasing and renovating the 1980s-vintage Fulton Hall and Montgomery Hall dorm buildings for $4 million and then building in 2012 the 144-bed, co-ed Raider Hall dorm for $7.1 million.

New yorkUnited statesMontgomery countyFulton hallFulton countyNoord hollandTeresa monroeBianca aliceaGregory truckenmillerFulton montgomery schoharieMontgomery hallMichael samponeJohnd hoggan jrWilliam petrosinoRebecca slezakDan roth

FMCC asks court for permission to sell dorms

FMCC asks court for permission to sell dorms | The Daily Gazette SECTIONS Share1 FULTON & MONTGOMERY COUNTIES Only 11 years after borrowing $11.3 million to double the size of student housing at Fultom-Montgomery Community College, the student housing arm of the college Friday petitioned state Supreme Court in Fulton County for permission to sell all three of its dormitory buildings to Amsterdam-based Dan Vann Properties for $1.1 million. The sale of the three dorms represents a complete reversal of the strategy college officials had envisioned for its growth 11 years ago when it borrowed $11.3 million from the U.S. Department of Agriculture for the purpose of purchasing and upgrading the 1980s-vintage Fulton Hall and Montgomery Hall for $4 million from the Massachusetts-based private company that owned them and building from scratch the $7.1 million, 144-bed, co-educational Raider Hall dorm opened in 2012.

New yorkUnited statesInternational hallFulton countyMontgomery countyFulton hallNoord hollandDonald trumpGregory truckenmillerFulton montgomery schoharieDustin swangerJohnstown microtelMontgomery hallDan rothPyramid brokerage company of albanyUs department of agriculture

Fulton Theatre to be featured on Discovery+ paranormal show Portals to Hell

Fulton Theatre to be featured on Discovery+ paranormal show Portals to Hell
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