The US General Services Administration (GSA) has identified the property located at 87 State Street in Montpelier Vermont for disposition. The State of Vermont via the Agency of Commerce and Community Development (ACCD), in collaboration with the Montpelier Commission for Recovery and Resilience (MCRR), has expressed interest in acquiring the property via negotiated sale. During the 2024-25 legislative session, the Legislature appropriated $100,000 from the General Fund for a grant to CVRPC to complete a site study focused on the feasibility of economic development, parking, housing, and flood mitigation for the 1.6-acre parcel at 87 State Street and the potential for coordinated redevelopment of adjacent parcels. This study is expected to support the due diligence needed for future acquisition and redevelopment of 87 State Street by a public or private party.
