University of Vermont identifies buyer, negotiation for land
Sep. 19, 2017
BURLINGTON, Vt. (AP) — The University of Vermont has approved the sale of land to a development corporation.
The sale of the 44-acre (17.8-hectare) tract was announced Monday by the university and contract negotiations are still ongoing. The Burlington Free Press reports (http://bfpne.ws/2jG9AeA ) UVM is looking for public input regarding the nature of the development in the near future.
Most of the land is currently zoned as institutional and agricultural. A city zoning change would be required before developer Eastern Development Corporation could use it for housing.
UVM says the sale will advance it's capability to make "strategic investments" that support the school's educational mission.
Information from: The Burlington Free Press, http://www.burlingtonfreepress.com