Back in August I wrote about the possibility that the empty St. Margaret’s school building could be sold and turned into a high end residential development. If you haven’t had a chance to read through the details, please click here.

This morning, I spoke with Fr. Joe Wolf from St. Margaret’s and asked for a quick update. He was happy to oblige and his response was just what I wanted to hear. Both parties (presumably St. Margaret’s Church or the Diocese of Buffalo along with Iskalo Development Corp.) have signed the contract for the sale.

We – and I say “we” purposefully as this transaction is for the entire community, not just those involved directly – are now in the midst of the 60 day inspection period. That means Iskalo is able to fully inspect the property to identify any problems or concerns that could void the deal. They have the opportunity to back out if something detrimental arises as part of that inspection. Fr. Joe went on to say however, that the inspection process is going well so far.

Fingers crossed. Stay tuned.

Oh, and Go Bills!