SARANAC LAKE - The Saranac Lake Community Store will be hosting an open house at the proposed site for the store, the former Corvo's restaurant on Main Street, from 2 p.m. until 5 p.m. on Saturday, Feb. 5.
The open house is an opportunity for members of the community, whether investors or not, to drop by, discuss our plans and, most importantly, to suggest product lines for the store to carry. Also, suggestions of sources for products, particularly US-made, will be welcomed. Board members will be on hand throughout the afternoon to answer any questions.
With some 600 investors already on-board, the capital-raising phase of this venture is close to a conclusion as we only need to sell another 200 or so shares, or about 4-percent of the minimum requirement, to begin operations. Accordingly, we have started discussions with Greg Moore, the owner of the building on Main Street, regarding leasing the property and have also started the search for key management staff. Once the threshold of $500,000 capital is reached the Interim Board will be able to enter into binding commitments to make this venture a success.