Land proposed for Bonaventure Square sold to local bank

By Julia Mericle

After more than 10 years and many different design concepts, St. Bonaventure University no longer owns all of the former Castle Inn site.

Bonaventure recently announced that a 10-acre lot on Route 417 in Allegany, N.Y., former proposed site of Bonaventure Square, is being sold to Community Bank System, Inc.. A new loan operations center will be constructed at the location.

The land has undergone a multitude of plans, most of which have never reached fruition. The property was purchased in increments during the years 2001-2003 by the then-university president, Robert Wickenheiser, for prices ranging from $70,000 to $100,000 per acre. The initial intention was to build student townhouses with the space.

Continue reading “Land proposed for Bonaventure Square sold to local bank”