NORWICH – Lacking any assurance that the New York Regional Interconnect power line will go away, officials representing the Alteren resort project are running advertisements seeking developers and investors to buy the idle property.
Over the past several weeks Alteren has updated its website and ran a half-page advertisement in the New York Real Estate Journal touting the nearly four-year old proposal. Dennis Greco of Greco Commercial Real Estate in Buffalo said Tuesday the group is currently looking to sell 725 acres in the Town of Norwich at a cost that is still being determined. Recent investment pitches for the land have included selling 1,000 acres at $12.8 million.
“We need to see who are market is and get feed-back,” said Greco, who’s been “working” with Alteren for several months. “The interest is there, we just need to shake the tree and see what’s out there.”