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Housing development could be coming to Montpelier for just $1

Montpelier aims to create housing for hundreds of families by selling 20 acres for $1 and offering an $8 million infrastructure grant once a developer is chosen.

Summary by WPTZ
It's part of the city's mission to build more housing in the city, but it can be expensive for a developer to do that. To be aggressive, they're offering the land at a deep discount.

2 Articles

WPTZWPTZ
Center

Housing development could be coming to Montpelier for just $1

It's part of the city's mission to build more housing in the city, but it can be expensive for a developer to do that. To be aggressive, they're offering the land at a deep discount.

·Plattsburgh, United States
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Vermont Daily ChronicleVermont Daily Chronicle
Right

Why did Montpelier pay a broker up to $50,000 for a $1 land sale?

On October 8, 2025, in a late-night meeting, the City Council voted to approve a one-year, sole-source brokerage contract with White + Burke to manage the recruitment of a developer for the property.

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Bias Distribution

  • 50% of the sources are Center, 50% of the sources lean Right
50% Right

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Vermont Daily Chronicle broke the news in on Thursday, October 30, 2025.
Sources are mostly out of (0)
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