Local Group Wins Historic Building Auction | Montpelier News

Montpelier’s historic Federal Building just got a local hero — the 87 State Street Local Development Corporation, a group formed just months ago, won the auction with a $540K bid, beating out just one other bidder in a nail-biting race that stretched into a second day. The building, still recovering from last year’s floods and plagued by costly PCB contamination, is now poised for community-driven revival — with state funding already locked in to help tackle cleanup and redevelopment. This isn’t some out-of-town corporate buyout; it’s a grassroots effort to turn a downtown landmark into flood-resilient housing or offices that serve Montpelier’s future. Listen in comfort:Get a discount on a Soli Pillow: http://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/4f27b4a86c9dc736