A former Owego school transforms into an upscale housing development.
Business leaders and politicians held a ribbon cutting Saturday night at 231 Main St. in the village of Owego.
The property originated back in the early 1900s and was part of the Owego school district.
But two years ago, plans were in the works to demolish the building.
Bruce Nelson of Owego didn't want that to happen, so he purchased the property and is turning it into a housing development.
Nelson says it's important for local economic growth.
He says workers from Lockheed Martin and Tioga Downs are already living in the building.
"I know they promote and support local business within the downtown area and it just helps with economic development overall," Nelson said.
Nelson says the property is partially occupied right now, and should be finished by the spring.