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Montpelier’s Flooded Building Gets New Life | Burlington News

Montpelier’s Flooded Building Gets New Life | Burlington News

Published 1 day, 2 hours ago
Description

Montpelier’s long-vacant 1964 Federal Building has found a new owner — the 87 State Street Local Development Corporation, who outbid others for over half a million dollars. With big plans for mixed-use commercial and housing development, the group faces a major hurdle: PCB contamination that could cost up to three million to clean. But they’re already backed by a $1.2 million state grant, calling it a “transformational opportunity” to restore the historic structure and make it flood-proof for another century.

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