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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…
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