As the old Vermont State Police Barracks in Williston await its new purpose, state lawmakers and the Scott administration convened on Friday to discuss the options. Currently filled with equipment that will remain there for the next few years, the property has garnered significant interest from various buyers.
Eric Pembroke, the director of planning and property management at the Department of Buildings and General Services, revealed that he receives weekly inquiries about the property. The town of Williston has expressed keen interest in purchasing the site and has even testified to the legislature in its favor. However, they are not the only ones attracted to this coveted location.
The state believes that the real estate market has driven up the value of the property, estimating it to be worth millions of dollars. Jennifer Fitch, the Commissioner of the Department of Buildings and General Services, stated that the most recent appraisal in 2023 valued the property at $2.63 million. Its desirability is further amplified by its attractive location.
Williston has requested the first right of refusal for purchasing the property, which would grant them the initial opportunity to submit a bid. Erik Wells, the town manager of Williston, described the property as an asset in their growth center and emphasized the potential for residential or commercial redevelopment. He believes that public-private partnerships, investments in public infrastructure and facilities, and other options should be considered for this valuable asset.
If the first right of refusal is not granted to Williston, they will still be able to bid on the property, with the state ultimately deciding its recipient. In this scenario, a bidding war is expected due to the property’s ideal flat roadside location and the growth potential of the area.
The future of the old Vermont State Police Barracks in Williston remains uncertain, but the interest from various parties highlights the value and potential of this sought-after property.
1. What is the current status of the old Vermont State Police Barracks in Williston?
– The old Vermont State Police Barracks in Williston is awaiting its new purpose.
2. Who is showing interest in purchasing the property?
– The town of Williston has expressed keen interest in purchasing the property, but there are also other potential buyers.
3. How much is the property estimated to be worth?
– The state believes the property is worth millions of dollars, with the most recent appraisal in 2023 valuing it at $2.63 million.
4. Why is the property considered desirable?
– The property’s value is amplified by its attractive location and potential for residential or commercial redevelopment.
5. What options are being considered for the property?
– Williston’s town manager suggests considering public-private partnerships, investments in public infrastructure and facilities, and other options for this valuable asset.
6. What happens if Williston is not granted the first right of refusal?
– If Williston is not granted the first right of refusal, they can still bid on the property, but the state will ultimately decide the recipient, potentially leading to a bidding war.
– State lawmakers: Legislators who serve in the state government and are responsible for creating and passing laws in their respective states.
– Barracks: A building or group of buildings used to house soldiers, police officers, or other personnel.
– Real estate market: The buying and selling of land and properties.
– Appraisal: An estimate of the value of a property, usually conducted by a professional appraiser.
– Right of refusal: The opportunity to accept or reject an offer before it is presented to others.
– Redevelopment: The process of renovating or improving existing buildings or areas for a new purpose.