STREAMING NOW: Watch Now

Oneonta common council tables discussion on bankrupt Bombers Burrito Bar

In order to facilitate the resale of the building, the city is being asked to release its $50,000 mortgage to the NYBDC in exchange for $5,000.

Posted: Aug 18, 2020 11:40 PM
Updated: Aug 19, 2020 12:07 AM

ONEONTA, NY – The Oneonta Common Council voted 5 to 3 Tuesday evening to table discussion on releasing its $50,000 mortgage on the former Bombers Burrito Bar.

The facility closed its doors last December, just six months after opening with the owner declaring bankruptcy.

It’s estimated he owes the New York Small Business Development Center (NYBDC) as much as $1 million.

In order to facilitate the resale of the building, the city is being asked to release its $50,000 mortgage to the NYBDC in exchange for $5,000.

The city of Oneonta originally loaned the former owner the $50,000 from the Community Development Fund to help get the restaurant up and running.

Councilman Scott Harrington believes the city can get a better deal if they wait.

“Sometimes I think we settle too quickly to try and settle things. I don’t see a rush to get this completed tonight. I think we could reach back out and try to get a little bit more.”

If the city does not end up agreeing to the proposal from the NYBDC, they run the risk of not being able to recoup any of their losses if the property goes into foreclosure.

New York Coronavirus Cases

County data is updated nightly.

Cases: 2085477

Reported Deaths: 52953
CountyCasesDeaths
Kings27746810323
Queens2743149851
Suffolk1995063381
Nassau1823433162
Bronx1814066532
New York1369214455
Westchester1288642268
Erie884341778
Richmond740651812
Monroe668651075
Orange47883810
Rockland46673955
Onondaga38098671
Dutchess29194444
Albany24445350
Oneida22271505
Niagara19704362
Broome18367357
Saratoga15123166
Ulster13777251
Schenectady12999200
Rensselaer11114140
Putnam1054191
Chautauqua8814141
Chemung7560135
Oswego744690
Ontario731192
Steuben6786143
Sullivan655272
St. Lawrence651596
Cayuga622192
Jefferson594267
Wayne566067
Cattaraugus561287
Genesee5357123
Herkimer5110107
Clinton480733
Madison447788
Livingston438158
Fulton434491
Tompkins425051
Montgomery4206123
Columbia4013101
Cortland376660
Tioga370262
Warren359057
Wyoming351752
Allegany344084
Chenango340976
Otsego340247
Greene336977
Washington309155
Orleans305683
Lewis271134
Franklin251812
Delaware232037
Seneca198256
Schoharie166317
Essex157726
Yates116826
Schuyler103314
Hamilton3072
Unassigned11743
Out of NY0237
Utica
Clear
59° wxIcon
Hi: 75° Lo: 44°
Feels Like: 59°
Oneonta
Partly Cloudy
64° wxIcon
Hi: 71° Lo: 43°
Feels Like: 64°
Herkimer
Clear
59° wxIcon
Hi: 77° Lo: 45°
Feels Like: 59°
Old Forge
Clear
59° wxIcon
Hi: 71° Lo: 40°
Feels Like: 59°
WKTV Radar
WKTV Temperatures
WKTV Severe Weather
Looking for work or looking to hire? Check out the WKTV Job Fair!
Saluting Those Who Are Proud 2 Serve