City Council approves $100,000 commercial loan for apartment and office space on Market Street

x (Do not use) Local News - -

The City Council in Corning approved a $100,000 commercial loan towards an apartment and office space on Market Street.

The application was rejected previously, for the city to be the third mortgage. Some council members said they rejected it because the city would have to wait in line to receive the funds if the business failed.

In Wednesday nights vote, the city was the second mortgage, which council members approved.

The loan is for the space above the Cugini Italian Market & Cafe on 14-16 West Market Street.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Mobile Apps DMB_1503428499636.png

Trending Now