- Associated Press - Friday, December 4, 2015

BURLINGTON, Vt. (AP) - The Mayor of Burlington says a tentative agreement has been reached to build a housing development on land that once belonged to Burlington College.

The college sold 27 acres of land to a developer in hopes of reducing its debt. The sale raised questions though as some residents pushed to protect the land from development.

Vermont Public Radio reports (http://bit.ly/1jEhOyi ) the agreement was released on Thursday. Mayor Miro Weinberger’s office says the plan is part of an effort to create more affordable housing.

The agreement says the city and the Vermont Land Trust will together pay $2 million to buy the land.

The city council’s Board of Finance is expected to look at the agreement on Dec. 14. It will then go to the full City Council a week later.

___

Information from: WVPS-FM, http://www.vpr.net

LOAD COMMENTS ()

 

Click to Read More

Click to Hide