LE ROY – The long-vacant Wiss Hotel, overlooking the village’s busiest intersection, is facing a future as shaky as the century-old building itself.

Will it be rehabilitated or demolished?

A group of village residents – would-be investors, headed by attorney Robert E. Fussell – want to buy the three-story structure and turn it into a mixture of stores, offices and hotel rooms.

Mayor Greg Rogers and a majority of the five-member Village Board are concerned about liability from a structure damaged by a leaky roof and interior rot, and want it torn down.

They’re facing a demolition cost of $200,000 or more.

The board’s next meeting is Feb. 13.

The Wiss House was named for John Wiss, who ran a tavern on the site for many years. It was the only hotel in the village and overlooked the intersection of State Routes 5 and 19.

Because it’s a choice location, village businessman Tom Spadaro has offered $125,000 for a shovel-ready site on which to rebuild.

Rogers has said the board will consider all offers, including the Le Roy LLC that would save the structure and Spadaro, who would build something new.

Meanwhile, villagers will continue to see the contrast between the dilapidated Wiss and a new Walgreen drugstore on the opposite corner.