The Oil City Redevelopment Authority will meet again on Friday afternoon to decide on offers from an area excavation company for the demolition of the condemned Brody Block complex on the city’s North Side.
Authority members said Wednesday one other company is interested in making a proposal for the job, and has been given until the end of the day Thursday to submit their plan.
On Wednesday, owners of one firm presented a pair of proposals — one that would result in the total demolition of the property, and another that would, for now, leave the Thrift Drug building standing until more funds could be raised for the project.
An estimated $75,000 has been raised for the demolition of the property. Various estimates have placed the total project costs at more than twice that amount, possibly close to $200,000.
The Wednesday proposals presented to the Redevelopment Authority speculated that work could begin next week.