Federal Building Auction Amid Cleanup Costs

The old Federal Building in Montpelier, still reeling from last July’s flood, is now officially up for auction — with a starting bid of just $500,000, down from its original $2.4 million asking price. But don’t get too excited: serious PCB contamination could add another $3 million to the tab, making a housing conversion a daunting financial gamble. As the auction heats up, all eyes are on whether anyone will dare take on this costly, complex cleanup and rebuild challenge. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/109fce0cf4533411