Buffalo News: Broadway Market auction plan runs into objection by City Hall

news.jpg(By Brian Meyer NEWS STAFF REPORTER) The outgoing managers at the Broadway Market hope to auction off assets of the East Side landmark next week to help pay their bills, but city officials are considering fighting the plan in court.

Thursday’s auction could be canceled if the city decides to buy items the Broadway Market Management Corp. claims it owns.

If not, people who want a slice of history from one of the nation’s oldest continually operating markets will gather at the market to bid on everything from signs and snowblowers to awnings and cleaning equipment. Even the market’s famous Easter Bunny hut is scheduled to be placed on the selling block.

The market remains open, but a management overhaul is in the works. The outgoing managers say they need to sell assets to pay creditors.

But the top attorney in City Hall said some items don’t belong to the exiting managers. Corporation Counsel Alisa A. Lukasiewicz warned that legal action is “imminent.”

“I am outraged,” she said. “You can’t pay your bills by selling assets that don’t belong to you. We will do everything in our power to prevent such an event from occurring.”

[read full story on Buffalo News website]


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