Montpelier Building Finds New Local Owner | Montpelier News

A local investment group has won the bid to buy Vermont’s flood-damaged federal building at 87 State Street in Montpelier for just $540,000—far below the original $2.4 million asking price. The building, contaminated with PCBs and battered by last summer’s floods, was deemed too costly for the government to handle alone. With this win, the group now controls the property and can tackle the estimated $1.8–$3 million in needed repairs while planning a resilient mix of housing and commercial space. Their victory marks a major step toward revitalizing Montpelier’s downtown and ensuring the building serves the community for generations to come. 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/b86a9d83aa43c125