Monday brought the news the Village of Canajoharie has been waiting for. The sale of the former Beech-Nut plant has been finalized. YNN's Barry Wygel has the story of what will become of this Mohawk Valley landmark.
CANAJOHARIE, N.Y. -- The Village of Canajoharie can start a new chapter in its history.
"It's a big deal for the county and for the Village of Canajoharie," said Kenneth Rose, director of the Montgomery County IDA.
Until Monday, officials would only say there was an interested party in the former Beech-Nut plant abandoned in 2011, but shortly before noon, the news came that many in the Mohawk Valley were waiting for.
"The sale was finalized on December 6, 2013. As this was a private transaction, we are not at liberty to divulge the terms of the sale with the investor," said Beech-Nut in a statement.
Officials in Montgomery County are not able to divulge much more about the deal, but said activity should start soon.
"It will not be a total tear down. There will be portions of the facility that will be demoed for reuse for industrial or light manufacturing development," said Rose.
While being tight-lipped about the deal, officials say it can only mean good news for the area.
"Obviously, there is going to be probably a substantial number of construction jobs here over the course of the next year," said Rose.
People in Canajoharie say the sale of the former Beech-Nut plant marks the start of a new economy. They say this will be the first of many positive announcements to come out of this area.
"We're working with some that may go into that facility, when certain things are taken care of, so we are optimistic and excited," said Rose.
The next step for the community is waiting for the new owners to come forward with their plans for the site.