The Town will move forward to sell Fayville Hall for $21K to a developer who will restore it to a vintage early 1900s look.
As I posted on Friday, developer Jon Delli Priscoli (owner of the Burnett Estate) responded to the RFP to sell Fayville Hall. Based on push back from Town Meeting voters, selectmen had agreed to seek to preserve the building rather than pursuing the highest bid. Based on Town’ needs, they also sought to retain parking access for the playground and baseball diamond across the way. Priscolli’s bid addressed both concerns.
According to Southborough Wicked Local, selectmen put their stamp of a approval on the sole bid last night. SWL writes:
Selectmen unanimously voted Monday night to approve a bid by Jon Delli Priscoli to buy the property with plans to open an antique shop and fine arts gallery. In the sole bid, he offered $21,000, but will spend a significant amount of money to restore the property. . .
The bid includes the hall, 42 Central St., valued at $346,600 and a parking lot, 40 Central St., valued at $172,500, according to town assessors records. . .
[Delli Priscoli] said the property has “little to no value” unless the building is torn down.
“There is a tremendous amount of work that that building needs,” he said. “The work will exceed the value of the building.” . . .
He said the project will have little impact on the town’s infrastructure and will remain on the tax rolls.
To read the full article click here.