A year after fire, Genetti says rebuild only 20% complete [The Citizens' Voice, Wilkes-Barre, Pa.]
Jan. 25—WILKES-BARRE — A year since a deadly fire ravaged the Genetti complex in downtown
"We are moving along. There were a lot of delays with insurance. We have the insurance money now, but are having issues with labor and delivery," Genetti said. "We can't do much without an elevator."
The
On the one-year anniversary of the fire, Genetti only would say "our legal team will have a response to the allegations soon."
Genetti said he was unaware Wednesday was the one-year anniversary of the blaze at his building, the former
"There's not one day that goes by I don't think about it," Genetti said.
Genetti said contractors have been busy cleaning out debris from and "refreshing" the rooms while working on the electrical infrastructure.
As the rehabilitation continues, the
With a working elevator, which could be completed within a few months, Genetti thinks he could have the first three floors of the building occupied.
Following the fire, Genetti vowed to rebuild. At the time, he estimated two thirds of the building could reopen within two months and the entire property could resume operations within six months.
Genetti said there was never any doubt because he loves
Genetti said the apartment building catered to those seeking modest living quarters, affordable rent and a place that is in walking distance to downtown amenities.
"A lot of them were keeping McDonald's, Subway and Dunkin' in business," Genetti said.
Just like at a hotel, each single-room apartment was fully furnished and included a small kitchen area with a refrigerator and microwave. The average
Genetti said he's going to continue with the same business model and the rooms were fully booked at the time of the fire.
"People with low incomes don't have a lot of great choices," Genetti said.
Genetti's father purchased the
While Genetti said insurance payout issues led to significant delays this time, he feels his compensation was "adequate" to fund the rebuild.
Contact the writer:
570-821-2055; @cvbobkal
___
(c)2023 The Citizens' Voice (Wilkes-Barre, Pa.)
Visit The Citizens' Voice (Wilkes-Barre, Pa.) at citizensvoice.com
Distributed by Tribune Content Agency, LLC.


What are, where, how and when are the surpluses returned to the health insurance companies?
Elizabeth Benhart and Cameron Alford Selected for 2023 Emerging Leaders Cohort
Advisor News
- Can your advisory firm survive without you?
- I started using AI, but what now?
- How to support an entrepreneur client with multiple businesses
- Could a narrower focus help grow your practice?
- U.S. debt hits $40 trillion: how to support concerned clients
More Advisor NewsAnnuity News
- Solen Software Group Acquires Cooperative Technologies, Provider of 1035 Exchange and Annuity Replacement Software
- MassMutual Expands Lending Options With New Secured Credit Line
- Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
- Insurer proposes $1.1M deal to resolve CA teachers’ annuity fee lawsuit
- IMOs get frustrated with slow carrier adoption of faster technology
More Annuity NewsHealth/Employee Benefits News
- Legislators hear report on thin hospital margins, advance prior authorization reform
- Researchers from Department of Research and Innovation Report on Findings in Managed Care (Quantifying Medicare prescription payment plan benefits under Medicare Part D): Managed Care
- New Managed Care Study Results from Brigham and Women’s Hospital and Harvard University Described (Supplemental Rebates From Drug Makers To State Medicaid Programs Grew Fivefold From 2017 To 2024): Managed Care
- Nebraska SHIP offers support during Medicare open enrollment
- Patients demand access to prescription drugs but need support
More Health/Employee Benefits NewsLife Insurance News