Town Gets Offer For Bradstreet
What does the proposal entail?
The town received an offer recently from a developer interested in buying the Bradstreet School.
Lowell-based developer Coalition For a Better Acre, which specializes in low-income rental development, put in an offer of $300,000, the only offer the town has received so far.
The company's proposal -- which can be viewed on the town Web site or in the PDF attached to this article -- calls for tearing down the school and building a three-story building with businesses on the ground floor and apartments on the other two floors.
Selectmen will meet in executive session to discuss the proposal.
A local landmark, the Bradstreet School has been closed for several years and has cost the town tens of thousands of dollars each year just to keep it standing, completely vacant. Renovating the building would cost the town millions of dollars.
At Town Meeting last year, residents voted to approve the sale of the school.