NYO Property Group - in trouble

[JoyceFarrell]

http://www.vindy.com/news/2017/mar/17/state-probing-nyo-projects-officials-use-city-fund/

[JoyceFarrell]

According to the Mayor NYO Property Group has repaid all the loans that they got from the city. Is he wrong? Is he lying? If so, what proof is there that the Mayor lied to the News Media?

[YoungstownBiker]

Anyone who thinks Marchiondia actually cares about Youngstown is living under a rock. All he cares about is lining his pockets. Many people who had business with him in the past say similar things for a reason.


NYO is probably going to slowly crash and burn. This is not good news for downtown as he owns a significant amount of property (and even then, half of it remains vacant. It is almost unbelievable a prime building such as 16 Wick/Dollar Bank is vacant. I really think the downtown housing will collapse because there's not enough businesses moving in to support people living downtown for $1,500 a month.

[jay]

Water and waste water funds must not be used as a funding source for community development projects.  Our city's water distribution system must be replaced and this will take many years to accomplish.

[YoungstownBiker]

I've discussed them before and, no surprise, looks like they're in trouble.


http://www.wfmj.com/story/34924876/state-agents-search-home-and-business-of-youngstown-developer