Tompkins Community Bank Takes Over Cornell Business Park After Major Foreclosure

July 12, 2025 - 00:57

ITHACA, N.Y. — In a significant development for the region, Tompkins Community Bank has officially become the landlord of the Cornell Business & Technology Park following the largest foreclosure in Tompkins County's history. This unprecedented move comes after the bank sought to reclaim the property, which has been a vital hub for innovation and business development in the area.

The foreclosure marks a pivotal moment for both the bank and the local economy, as the Cornell Business Park has been home to numerous startups and established companies. The park's future now hangs in the balance as the bank prepares to manage the property and its tenants.

With this transition, there are concerns about the potential impact on businesses operating within the park and the overall economic landscape of Tompkins County. Local officials and business owners are closely watching how the bank will handle the management of this key asset and what plans may be put in place to ensure its continued success and growth.