Levitch said renovations to the building will be made, although it may be several months before work begings.
"It depends on the feasibilty planning," he said. "Could be 6-8 months, might, with a ilttle bit of luck, be in the next 90 days."
The purchase price for the building was $95,000, Levitch said.
The Ticonderoga Revitalization Alliance has a series of plans to promote downtown economic activity, Cunningham said.
"The alliance thanks the Champlain National Bank for its keen community spirit and extraordinary cooperation in the acquisition of the building, with specific gratitude for Chairman Peter Paine and President Jon Cooper, without whom this acquisition could not have been made," Cunningham said.
The Ticonderoga Revitalization Alliance continues to seek investors, Cunningham noted, in both its "rollup fund" and in the Cobbler's Bench building.
"Together, with the continued support from Ticonderoga's citizens and business community, this first and bold step brings Montcalm Street one step closer to regaining its historic role," Cunningham said.