The towne properties in towne, Pa., are owned by the town of Lancaster, which is owned by two different corporations.
The properties were first listed in 1988 and the last time a property was listed for sale was in 2016.
The town of the towne has the ability to reclaim the properties, but has yet to do so.
“The property is still owned by our company and we’re looking for a buyer to buy it,” said Towne Properties president Jeff Loeffler.
“We’ll look at any options we can get.”
Lancaster Township has the power to reclaim property from municipalities if they don’t want to pay for it.
The township can sell the property to the highest bidder.
If the town decides to sell, it must sell the land at a fair market value, and the town can also put up a deposit on the property.
Loeffling said the township can choose to take over the property if the city doesn’t want it.
“If the city does not want to own the property, then they can put up the deposit to buy the property at the market price,” he said.
Towne Properties said it is not unusual for townships to put up their own deposits.
“We don’t see any problems with that,” Loeffer said.
Lancasters property has been valued at $6 million.