BRATTLEBORO, Vt. (AP) — A group of investors has completed a deal to start rebuilding a 142-year-old building damaged by fire in Brattleboro, Vt.
It’s been two years since a fire heavily damaged the historic Brooks House, which was built in 1871.
The Brattleboro Reformer reports (http://bit.ly/15vQIyU) Mesabi LLC, the five investors who are undertaking the project completed the deal for the Main Street building Monday afternoon.
They needed to raise about $24 million to buy the building and to cover costs associated with the design and rehabilitation.
The group is planning a groundbreaking ceremony on July 17 at the Robert H. Gibson River Garden on Main Street.
The building is expected to include apartments and businesses, as well as the downtown campus for the Community College of Vermont and Vermont Technical College.
Information from: Brattleboro Reformer, http://www.reformer.com/