20 Federal Place going up for sale again

YOUNGSTOWN

After failing to get an offer to buy its 20 Federal Place downtown office building, the city is putting it up for sale again.

The big difference is the original attempt to sell the building in June came with a minimum asking price of $2 million, while this effort doesn’t seek a minimum amount.

“If we get a good offer, we’ll sell,” said city Finance Director David Bozanich. “If not, we’ll continue to hold on to the property until the time comes when we get a good offer. It’s not a distress sale. The building is doing well, and it’s successful. But government shouldn’t be in the business of competing with private real-estate developers on office space.”

Bozanich will open proposals, if there are any, to buy 20 Federal Place at noon Oct. 3.

Read more about the sale in Friday's Vindicator or on Vindy.com.