B y Matthew Saari

After standing vacant for more than two years, the site that formerly housed a McDonald’s fast-food shop on Broadway may have a new owner.

The former McDonald’s location on Broadway has stood vacant since August 2015.

Rumors circulated recently that Josh Cuomo, general manager of Champlain Beef Co., purchased the Broadway property.
“I bid on it and I won it,” Cuomo confirmed – but he hasn’t taken possession yet.
Unbeknownst to Cuomo at the time, McDonald’s Corporation placed a “reserve” on the property. In the auctioneering world, sellers can place a “reserve price” on the item they’re selling – an undisclosed minimum sum that the seller is willing to accept.
“If you’re scared someone could swoop in and buy it up cheap, you set a reserve,” said Bethe Reynolds, a real estate broker with Keller Williams Realty.

This is only a preview of the story published in the Whitehall Times. To read the full story, pick up a print copy of this week’s paper at the newsstand or read it online here.

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