Town of Malta New Owner of 72 Yr Old Saratoga Lake Italian Restaurant
It's a done deal! Finally, the sale has gone through for the Town of Malta and the legendary Mangino's Ristorante. The prime piece of real estate on Saratoga Lake has been up for sale and the hope was that it wouldn't go to a private developer. The Mangino Family and the Town of Malta have agreed on a deal.
Mangino's Ristorante Was on Saratoga Lake for 72 Years & Is Prime Real Estate
Three generations of the Mangino family ran the restaurant for seventy-two years until it ultimately closed for good in October 2018 according to the Albany Business Review. It was on the market for $2.6 million in 2019.
What Kind of Access Will the Town Have?
According to the Daily Gazette, the Malta Town Board approved the resolution unanimously and has the go-ahead to purchase the former Mangino's restaurant property for one point eight million dollars.
Former Mangino's Ristorante sits at the southern part of Saratoga Lake on 2.67 acres. It is ideal for the town of Malta because it has ninety-one feet of waterfront along Route 9P. This property would be ideal for Saratoga Lake public access.
The Mangino Family is Pleased With the Purchase
Pam Mangino said of the purchase,
We love Malta, we’ve been approached by builders, and we’ve had different things that have been floated around. Quite frankly, when we started to speak about it becoming part of Malta and the thought about me coming with a grandchild someday to say, my mom, my dad, your grandparents, my grandparents, your great-grandparents, this was something that was part of us.
What Will Be Built on the old Mangino Property?
Although it is not known exactly what will be built, the Town of Malta hopes to have a public space with access to Saratoga Lake. They are hoping to build a small park, a kayak and canoe launch area, maybe a few small boat slips, and a fishing pier.