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Saratoga mayor wants new appraisal of parcel

City valued lot at $775K; developer says $1.6 million

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Mayor Joanne Yepsen will ask the City Council to conduct a new appraisal of the so-called Collamer lot on Broadway after a valuation done by a private developer found it to be worth $1.6 million — more than twice what the owner of the Algonquin Building is offering to pay for the land.

Yepsen, who voted to approve the deal contingent on a downstate religious organization selling 14 wooded acres on Union Avenue to ...

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