Giancola offers $50,000 for Dana BuildingBy Josh O’Gorman
STAFF WRITER | March 01,2013The Giancola Family of Companies has offered $50,000 to buy the Dana Building, but it is uncertain who would receive the proceeds: the city or the school district.
School Board member and Building Committee Chairman Wayne T. Cooke made the announcement during Tuesday’s School Board meeting.
“It’s the first and only offer on the property, and it would be sold as is with no contingencies,” Cooke told the Board.
In June, the Rutland City School District put the building on the market for $290,000. Built in 1927, the building — located at 41 East Center St. — served as a neighborhood school for many years and most recently was the home of the Rutland County Head Start program before fire-code violations forced its closure in 2011.
According to the City Assessor’s Office, the two-story, 27,000-square-foot building sits on 1.79 acres. The lot by itself is assessed at $84,900, with the entire property valued at $257,400.
By all accounts, the building is in poor shape, with no public funds going into capital improvements since 1997. Cooke told the Board the district has received an estimate of $250,000 to demolish the building and could sell the lot for between $85,000 and $100,000.
“That would put the transaction in the red,” Cooke said.
Joe Giancola, co-owner of the Giancola Family of Properties, said he has no plans to demolish the building.
“It’s going to be returned back to what it was: a nice, old historic building,” Giancola said, while expressing uncertainty about its future use. “We could put in some offices and some apartments. You never know what people need until you fix up a space and make it available.”
Also uncertain is where proceeds from the sale will go. When the school district put the building on the market, Mayor Christopher Louras met with the School Board to discuss directing the money to the city for capital improvements.
“My position has not changed on that,” Louras said Tuesday. “From a municipal standpoint, I contend that all school buildings are property of the city and it will be up to the Board of Alderman to approve the sale and decide where the money will go.”
Peter Mello, chairman of the Rutland City School Board, expressed a different position.
“It’s still our contention that the proceeds should go to the school district for deferred capital improvements,” he said.
A June 25 email from Mark Ottinger, general council for the Vermont Department of Education, to Rutland City School’s lawyer William Meub, appears to support Mello’s position.
“Vermont law requires that the proceeds of such a sale remain in the education side of the ledger,” Ottinger wrote. “Those funds would then be considered revenues when the following year’s school budget is created, and should not be transferred to the municipal side of the ledger. To do otherwise would be to distort the constitutionally-mandated and court-ordered statewide education tax system.”
The district will hold a meeting to get comments from the public on the potential sale at 6:30 p.m. March 19 in the Longfellow Administration Building at 6 Church St.
email@example.comMORE IN Local & StateKILLINGTON — Killington Music Festival students made it clear Saturday, at Killington Resort’s... Full StoryA miniature poodle in Rutland Town is about to step onto the big stage. Full Story
- Most Popular
- Most Emailed
- RICHARD'S POOR ALMANACK: On this day 1739, 'Richard Palmer' identified in prison at York Castle as the notorious outlaw DICK TURPIN; IN 1836, Battle of the Alamo begins near San Antonio de Bexar, Texas; 1896, the Tootsie Roll invented by LEO HIRSCHFELD.
- RICHARD'S POOR ALMANACK: On this day in 1472, Orkney, Shetland islands put up as collateral by Norway to Scotland in lieu of dowry for MARGARET OF DENMARK on her marriage with JAMES III, king of Scotland; 1962, JOHN GLENN first American to orbit Earth.
- TOMORROW'S HEADLINES TODAY: City mayoral candidates debate campaign issues; Hartford, Conn., woman still missing; Neal Goswami reports attempts to legislate suicide; local woman loses 100 pounds through TOPS program.
- RICHARD'S POOR ALMANACK: On this day in 1878, JOHN TUNSTALL murdered near Lincoln, New Mexico, by the outlaw JESSE EVANS; in 1930, ELM FARM OLLIE first cow to fly in aircraft, first to be milked airborne; 1955, nuke test WASP; '79, snow in Sahara.
- TOMORROW'S HEADLINES TODAY: Rutland Herald News Editor Alan J. Keays and staff writer Gordon Dritschilo discuss stories planned for the February 18, 2015, edition of the newspaper: Winter budgets maxed, legal marijuana, Springfield bank job, USPS slowdown
- RICHARD'S POOR ALMANACK: On this day in 1249 AD, ANDRE of LONGJUMEAU is dispatched by LOUIS IX of France to meet the KHAGAN, ruler of the Mongol Empire; in 1804, during 1st Barbary War, STEPHEN DECATUR scuttles the pirate-held USS Philadelphia in Tripoli.