MVHS Selects Firms To Begin Downtown Property Appraisals

Officials from Mohawk Valley Health System have selected three firms to begin the appraisals of the downtown properties that will be impacted by the new hospital project.

The property areas that will be appraised include several city blocks south of the Utica Memorial Auditorium, bounded by Oriskany Street to the north, properties abutting Columbia Street to the south and Broadway to the east as well as Route 12 to the west.

“We want to begin the valuation of the downtown properties as we anticipate it will take three to six months to complete the appraisals,” noted Scott H. Perra, FACHE, president/CEO of MVHS. “We have been working with Mohawk Valley EDGE, which will be the entity who will retain the appraisal firms and assist MVHS in the valuation process. EDGE will manage the outreach and scheduling with property owners and assist us in the formulation of our acquisition strategy.”

Meanwhile, MVHS continues to work on the final funding plan for the project.