Watertown, NY, Jan 23, 2012 — Watertown has been excited about the possibility of a new future for the city's landmark Woolworth building for several years. The historic downtown building is on the site of the dry goods store where F.W. Woolworth began his retail career.
In 1921, after launching his five-and-dime empire, Woolworth demolished the old store and built his imposing new headquarters. But as the five and dime empire went, so went the building. It's been vacant for years.
A new owner purchased the building several years ago, now city officials worry the redevelopment plans may be in jeopardy. Joanna Richards has the story. Go to full article