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Queens Chronicle

A school at Richi Rich Palace?

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Posted: Thursday, April 20, 2017 10:30 am

Seth Wellins, chairman of Community Board 9’s Education Committee, said last Thursday the Department of Education is always looking for suggestions on where to place new schools.

And he has an idea.

Richi Rich Palace, a catering hall at 110-19 Atlantic Ave. in Richmond Hill, will be put up at an online auction from April 24 to 26, according to real estate website ten-x.com. Wellins told a Chronicle reporter, “The DOE is always asking us for suggestions for new sites. I just think it would be a good idea.”

The DOE’s press office did not respond to a request for comment on whether the agency would look into acquiring the site.

If it chooses to, it might not be as simple as it seems. The bidding, which starts at $750,000, is on a non-performing note or loan, meaning whoever wins the auction becomes the loaner. The entity can then negotiate a new payment schedule with the tenant of the building, or choose to foreclose.

Richmond Hill High School and PS 62 are both located a short distance from Richi Rich Palace.

— Anthony O’Reilly

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