Properties in North Adams in Real Estate Limbo
iBerkshires.com reports it was two years ago the city set out to sell off municipal property that's not needed or really never wanted.
But the city's attempts to divest itself of unwanted properties has been less than successful. Some smaller lots have been auctioned off or sold to abuttors, but the larger parcels seem to be in real estate limbo.
Only one appears headed toward a resolution soon: the former City Yard that is under contract with Cumberland Farms.
Mayor Thomas Bernard is hoping the Mohawk Theater will solicit enough interest to get it off the city's books.
The theater on Main Street is arguably the "jewel in the crown" of the properties the administration is trying to get into hands that can develop and rejuvenate them.
Of the others, the potential buyer for the Windsor Mill has dropped out after the latest test findings at the former textile factory. The salt shed on Ashland Street and Notre Dame church have purchase-and-sales agreements and no bids have been received for Sullivan School.
The Department of Public Works moved out the older complex and into the former anodizing plant the city purchased at Hodges Cross Road.
B&B Micro Manufacturing put in a winning bid for the city's old salt shed at $75,000 but has not closed on the property. Bernard said that had worked somewhat in the city's favor because the salt shed is still being used.