NYSDOT property auction

By Brandi Bailey

March 20, 2014 Updated Mar 20, 2014 at 5:54 PM EDT

Binghamton, NY (WBNG Binghamton) The New York State Department of Transportation auctioned land it no longer uses for a chance to put them back on the tax map.

Five properties in Broome, Otsego and Delaware counties were up for auction.

More than $300,000 was generated from Thursday's sale. The lowest starting bid was $2,200 on a property in the Village of Stamford in Delaware County.

"Part of the idea is to get them back on the tax rolls, generate business, jobs and tax incomes from the properties and the assessment rolls," Real Estate Specialist Ken Frommer said.

Several property bids came in lower than the starting bids. While the bids were accepted, the state will have to approve the lower amount.

The DOT said it will hold another auction in the coming years.

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