Montpelier Post Office Gets New Life | Montpelier News

Montpelier’s historic Post Office building, damaged in last year’s flood and long a downtown staple, has just been acquired for just $540K — a fraction of its original $2.4M asking price. Backed by the Foundation for a Resilient Montpelier and a local development coalition of ten groups including insurers and economic developers, the new owners are eyeing a bold future: adaptive reuse with flood-resilient housing on the parking lot and office space inside. After pulling back from an earlier failed bid due to environmental contamination (PCBs), they’re now moving forward with a grant-supported deep dive to assess the site — and could be poised to solve both city housing shortages and downtown revitalization. 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/535e86f505464ae0