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Metroplex buys former GSA depot

Transaction expected to save taxpayer money, create jobs

NEW YORK — Today, the U.S. General Services Administration announced that the agency has accepted the offer to purchase a portion of the former Scotia Navy Depot located in the Town of Glenville from the Schenectady County Metroplex Development Authority.

GSA, after thoroughly reviewing the best options and taking into consideration the economic conditions of the asset, has reached an agreement on disposition. This action is part of GSA’s ongoing efforts to save taxpayer money through better management of federal real estate.

“Through partnership with employees in GSA’s New England Region, led by Regional Administrator Stephen B. Stepanek, as well as with Metroplex, and many others, this agreement is expected to be an economic catalyst,” said Regional Administrator John A. Sarcone III, GSA’s Northeast and Caribbean Region. “The future economic development of the site will serve to create jobs, restore the property to the local property tax rolls, and benefit the Capital Region economy.”

“We appreciate the dedication of GSA’s Northeast and Caribbean Region and New England Region in working with us to return this vacant federal property to the tax rolls. Our plan is to use this site for economic development that will benefit the economy in Schenectady County,” said Ray Gillen, chair of Metroplex.

The Trump administration has set aggressive goals to deliver cost savings and value for taxpayers through smart asset management. In fiscal year 2017, GSA partnered with other federal agencies to dispose of 123 assets governmentwide and generated $115.93 million in proceeds.

About the Scotia Depot

  • The depot was constructed for the U.S. Navy in the early 1940s and consists of 40 acres improved with three vacant warehouse buildings and several small sheds containing a total of 372,254 gross square feet.
  • GSA recently completed an environmental remediation project at the site.
  • GSA received New York State project completion approval on Dec. 12, 2017.
  • The Schenectady County Metroplex Development Authority made an Offer to Purchase with a purchase price of $1,350,000 and submitted the required 10 percent deposit on Dec. 22, 2017.
  • A Deed Transfer Ceremony is being planned for early to mid-June 2018.

About the GSA disposal process

  • The Scotia Depot has been classified as excess property which means the property, based upon the high infrastructure and tenant fit-out costs needed to re-occupy the building, no longer meets the federal agency’s needs.
  • GSA first offers excess property to other federal agencies. If another federal agency identifies a need, the property can be transferred to that agency.
  • If there is no further need for the property within the federal government, the property is determined “surplus” and may be made available for other uses through a Public Benefit Conveyance, transfer for homeless use, negotiated sales for public use, or public sales based on the determination of the property’s highest and best use.

To find out more about GSA’s disposal efforts, please visit propertydisposal.gsa.gov.

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Last updated: Jul 8, 2019
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