Sunday, July 01, 2018

Sign of The Times: Oakdale Mall Reynolds Rd on Verge of Closing and Press & Sun Bulletin Newspaper Printing Plant in Johnson City NY Shuts Down Lays Off 100.

Sign of The Times: Oakdale Mall Reynolds Rd on Verge of Closing and Press & Sun Bulletin Newspaper Printing Plant in Johnson City NY Shuts Down Lays Off 100. In a double whammy to the Binghamton NY area business and economy, the closing of the Press & Sun Bulletin Newspaper Printing Plant at 10 Gannett Drive Johnson City and the Oakdale Mall with entrance Reynolds Rd Johnson City NY on the verge of collapse, will cause a devastating trickle down effect on neighboring small business's. With a population decline of about 50% in the last 25 years for the Binghamton-Johnson City area and shootings, murder, and drug dealing on the rise, the Binghamton-Johnson City area needs to somehow reinvent itself.

Upstate New Yorkers continue to head for the exits. And in few places have they been leaving faster over the past seven years than Broome, Chemung, and Tioga counties — at an average rate of 84 each month in Broome, 39 per month in Chemung and 29 each month in Tioga. Two of the county's largest municipalities are No. 3 and 4 on the list of those losing the most residents — the Town of Union, with a drop of 2,364 over the past seven years, and the City of Binghamton, which recorded a decline of 2,231. Thirty-year-old Harlee Pratt grew up in Windsor and was more than happy to remain in the community where he was raised. But then, after receiving combined master's degrees in social work and public administration from Binghamton University in 2014, opportunities slammed shut. The few jobs he was able to get undervalued his talents with pay that was a fraction of what he could command elsewhere. "It was very difficult to find a job," Pratt said. "The pay was low for my credentials." In frustration, he went looking elsewhere. He found opportunity in Pittsburgh, where he was offered work at nearly three times the pay rate he received in the Binghamton region. He and his 34-year-old wife, a Lockheed Martin engineer, picked up and moved to western Pennsylvania, where jobs were plentiful and the pay scales far higher
If the Oakdale Mall does shut down, local consumers will have little cause to drive up Reynolds Rd, especially in the winter time, to do their shopping. In the past two years multiple stores have closed in the Oakdale Mall. That includes two anchor stores. Now two others are set to close at the Johnson City location. This leaves just two anchor stores left, JCPenney and Burlington. Now in 2018, New York and Company has confirmed it too will be leaving to Oakdale Mall in July. Also what effect will the shutting down of the Press & Sun Bulletin Newspaper Printing Plant in Johnson City have on local business's that advertise in the Newspaper, how current will articles and ads be in a local newspaper printed now in Rochester NY?
Oakdale Mall on Verge of Closing: A leading credit rating agency says the three department store closings at the Oakdale Mall could trigger lease clauses allowing smaller stores to reduce their rents or exit their leases early. Morningstar Credit Ratings has listed the 43-year-old Johnson City mall as one of nine in the nation where the recently announced Bon-Ton departure "may cause even more distress because of the loss of multiple anchor tenants." As a result of the three major vacancies, "in-line tenants frequently negotiate co-tenancy clauses that allow them to either reduce rent or terminate their lease when a major anchor departs," Morningstar wrote in five-page report published on May 2. Recent departures at malls such as Oakdale "casts a dark cloud over the property and leaves the door open for additional in-line store closures," according to the report.
Binghamton Press & Sun Bulletin to Cease Printing of Newspaper Locally & Production Facility at 10 Gannett Drive Johnson City NY Listed for Sale. Gannett, the owner of the Press & Sun-Bulletin, Binghamton, New York, told workers at the Central New York Production Facility in Johnson City about the closure March 15. 
The $50 million dollar Gannett newspaper printing operation in Broome County that opened in 2006 will close mid June, the building was put up for sale on or about June 7, 2018, see link. The Gannett Co. owned plant at 10 Gannett Drive Johnson City, NY 13790 has been listed for sale recently. This 97,000± SF production facility on 10.3 acres at 10 Gannett Drive Johnson City, NY is available for sale by CBRE|Syracuse
The warehouse, production & distribution space combine to approx. 81,000 SF 10 Gannett Drive Johnson City, NY. There are 5 dock-high & 3 on-grade doors, and ceiling heights vary from 30' to 44'. High corporate image building with Class A executive office space. Immediate highway access. 
According to, the move at 10 Gannett Drive Johnson City, NY will affect about 98 employees involved in printing and packaging operations at the plant on Gannett Drive, just south of CFJ Boulevard. Starting in mid-June, the Binghamton newspaper, along with Gannett's Elmira and Ithaca dailies, are to be printed at the Rochester facility that now produces the Democrat and Chronicle. Newspaper circulation has declined in recent years as more people have turned to online information sources. There have been some other changes over the past 10 years. The single-copy price of the Press & Sun-Bulletin was 50 cents in 2006; the price now is $1.50. The size of a page in the newspaper has been trimmed since the printing plant started operating; each page now is an inch narrower.

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