Hatboro Property Owner Seeks Buyout—Again
The owner of 332 S. York Road is advancing two separate plans for the frequently flooded Hatboro commercial property.
Plans to buyout and demolish an often flooded Hatboro commercial property is again back on the table. During Monday night's Hatboro Borough Council meeting, the governing body approved the submission of a government buyout application for 332 S. York Road, the site where Manja Pizza and several auto repair shops are situated. It is also where Quig's Pizza had been located until Hurricane Irene filled it with feet of water, forced its closure and required that the building be gutted. For more news and updates about Hatboro and Horsham, subscribe to our free newsletter,"like" us on Facebook or follow @Hatboropatch on Twitter. Last spring, George Kiriakidi, an owner of Horizon Property Management LLC, which owns the handful of …
In this Article:
Theresa Katalinas
6:19 am on Thursday, February 28, 2013
Actually, that is not accurate. There are a dozen Woodwinds property owners currently seeking government buyouts for their homes. If a property floods often enough - regardless if it's commercial or residential - the state/federal government can consider paying the owner an amount for the property (based on an appraisal and other factors). The property is then demolished, the land is returned to … more ›