on dorm deal
BURLINGTON — The Burlington City Council is expected to vote on a deal that would transfer ownership of a downtown parking lot to Vermont’s Champlain College, which plans to build apartment-style housing on the site for about 300 students.
The council is scheduled to vote today on whether to proceed with the $1.1 million deal for what is now a parking lot at St. Paul and King streets.
Champlain owns the adjacent property. The school would like to begin demolition on the existing building this fall.
The dorm would house up to 300 students in 70 to 90 units, and construction could begin in early January, the college’s Senior Vice President for Finance and Administration David Provost told the Burlington Free Press.
The Burlington Board of Finance unanimously approved the proposed property sale at its Sept. 3 meeting.
Some of the units in the building would be set aside as affordable housing. Provost said students would be granted residency in the lower-rent units as part of financial aid packages in place for single-parent families, first-generation Vermonters and new Americans.
Provost told the City Council in July that architects had been working on “a building that we are proud of, and that the city will be proud of.”MORE IN Vermont NewsMONTPELIER — An executive with the owner of the mothballed Vermont Yankee nuclear plant sought to... Full Story
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