The former Rite Aid drugstore at West Third and Main streets will be sold to the City of Jamestown for $1.
The City Council Monday night agreed to buy the building, which closed earlier this month. When the city agreed last year to sell a small portion of its property in Brooklyn Square for a new Rite Aid, the Council received assurances from Rite Aid that it could acquire the building for up to one year after it closed.
Councilman Andrew Johnson, D-Ward 5, called the purchase premature.
"The clock has just started for us to take that option. There are a number of vacant buildings downtown, and my fear is that this will remain vacant and become another liability for the city," he said.
Councilman Philip Morris, D-Ward 2, said, "The majority of downtown properties that are problems for the city were problems created by the private sector that abandoned them."