Riverview offer rescinded
EAST LIVERPOOL — An offer to purchase and develop the former Riverview Florist property has been rescinded before the Community Improvement Corporation (CIC) board could meet to consider the proposal.
City Planning Director Bill Cowan received an email Dec. 7 from John R. Woomer, manager of Capital Corporatum LLC, stating only that the company “has at this time elected to rescind its offer on the Riverview property,” offering his thanks for Cowan’s cooperation.
Woomer offered no reason for pulling the proposal, which included paying $300,000 in three $100,000 installments for the 85-plus acre parcel.
The city purchased the property several years ago for about $1.3 million, annexing it from Liverpool Township into the city for the sole purpose of economic development. The property was transferred to the CIC, which has more latitude in negotiating without the bidding requirements the city must meet.
Most recently, the city had been in discussion with the Velfera Auto Design company, based in Texas, which proposed using the property to build an assembly plant for electric cars as part of a multi-million-dollar project encompassing communities in other counties as well.
Cowan had said prior to a Dec. 5 meeting of the CIC Property Committee to discuss Woomer’s proposal that he had had no contact from Velfera officials for quite some time.
During the CIC property committee meeting, members had voiced concerns about the vagueness of Woomer’s plans for the property, which he has proposed as a commercial/business park, and others said they had searched online and found no other projects by his corporation.
Committee member Al Fricano, however, had supported the proposal with a few tweaks in the language, and incoming Councilman Brian Kerr said he had been working with Woomer for two years, saying he also supports the proposal.
The committee agreed during the Dec. 5 meeting to seek legal advice and had prepared no recommendation for the full CIC board.
Cowan was not available Thursday, but Mayor Ryan Stovall said with Woomer pulling his proposal, the property is still up for grabs and said it has been promoted to a plastics manufacturer looking for a location.
A message left for Woomer had not been returned yesterday.