McCrory’s transaction has upside
Altoona taxpayers have nothing to be upset about regarding the city’s decision to pay the former owner of the McCrory’s building on 11th Avenue $112,000 in connection with the eminent domain proceedings that allowed the city to assume ownership. The $112,000 figure represents a good investment, despite the fact that it is $22,000 more than the building’s value figure set by an appraisal commissioned by the city. An appraisal commissioned by the former owners had set the value at $134,000. It is true that some city residents will continue harboring the opinion that not a ...