2nd attempt to auction off upstate NY armory fails

AP News
Posted: Dec 17, 2009 11:31 AM

New York state's second attempt to auction off one of its aging upstate armories has failed.

The Office of General Services says no qualified bids were received for Wednesday's auction of the Glens Falls Armory.

The minimum bid for the 115-year-old armory was $350,000, down from $500,000 when the 38,000-square-foot building was first put up for auction in October. No bids were entered then.

Wednesday's auction attracted one bidder, but local economic development officials say it was far less than the required $350,000 minimum bid.

The armory was declared surplus property by the state Division of Military and Naval Affairs in July. The National Guard unit formerly based at the armory has moved into a new readiness center built nearby.