MARGARETVILLE , Oct. 3, 2011 – Repair options and their estimated costs were delivered September 30 to the owners of five buildings in a Margaretville business block heavily damaged by flooding August 28.
The Margaretville Village Board and representatives of other local and regional agencies were also present at the meeting in the Village Office when Jodie Barker, an engineer with Lamont Engineers, explained three options which now must be mulled by the owners of 798-836 Main Street (known locally as the Cheese Barrel block):
- Stabilize the existing block as a unit, raise it to build a new, unified foundation, and reconstruct the wall that separates the rear of the block from the Binnekill Stream ($840,000)
- Stabilize some of the structures, demolish two in the center that are the most badly damaged (the Village Pub and Rocko’s), fill in the empty space, and rebuild the Binnekill wall ($750,000)
- Demolish the entire block (from the Cheese Barrel up to Suites on Main) and then replace the Binnekill wall ($275,000). Should a similar structure be rebuilt on the site, the cost is estimated at $2,250,000.
The figures, Barker noted, are just “opinions of cost” based on estimates provided by contractors.