GREECE, N.Y. — The potential buyer for the Crescent Beach Restaurant has pulled out, ending sale talks. News10NBC obtained a letter confirming this development.
The sale was intended to help pay a legal judgment against property owner Katherine Mott-Formicola. She pleaded guilty last year to a check-kiting scheme.
With the sale off the table, funds will need to come from liens placed on her home and other properties.
Potential buyer backs out of deal to purchase embattled Crescent Beach Restaurant in Greece WHEC.com.
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