History

The site's environmental concerns emanate from its uses as a marble yard, train depot, train maintenance facility, and agricultural warehouse in the 1800s, as a stone mason's shop and transportation depot in the 1900s, and as a scrap metal salvage and processing yard from 1945 until the early 1980s.

Founding the Carr Lot Redevelopment Committee
The conservation commission began exploring the potential for redeveloping this site back in 1998. In 2001, the City Council formed and appointed members to an official Carr Lot Redevelopment Committee to further investigate the feasibility of redeveloping this site and to help the council and community determine whether the city should pursue purchasing it.

The citizens of Montpelier voted on Town Meeting day in March 2002 to authorize the City council to spend up to $800,000 for the purchase and redevelopment of this property.

Acquisition of the "Carr Lot"
On September 13, 2013 the City of Montpelier announced that an agreement has been reached with Allan Carr for the purchase of Mr. Carr’s property at 1 Taylor Street known as the “Carr Lot.” The property is being acquired as part of a major downtown redevelopment project which includes a new transit center, a welcome center, upper floor development, a bicycle and pedestrian path/bridge connecting to Main Street and public access to the Winooski River. The project is funded through the Federal Highway Administration, the Federal Transit Administration and the City of Montpelier. The property is currently leased by Mr. Carr to the State of Vermont for parking.

The terms of the sale are as follows:
  • Purchase and Sale agreement signed immediately. City will have right to access the property for preliminary site development work consistent with the existing lease.
  • Final closing will occur on January 2, 2014.
  • Total sale price is $1,400,000. A $5,000 deposit will be paid now. Another $995,000 will be paid at closing. The other $400,000 will be paid over the next 15 years with no penalty for early payment. Interest will be at 4.5% initially with market adjustments after 5 and 10 years.
  • Environmental liability and responsibility issues have been addressed.
  • The city will continue leasing the property to the state through, at least, the next legislative session.
Appraisal
The property was appraised in 2013 for $920,000. The City Council agreed to pay a higher amount to allow the project to move forward in a timely manner, to avoid the uncertainty and delay of eminent domain litigation, and in recognition of the significant rental income that Mr. Carr receives from the State of Vermont.

This agreement will enable the city to move forward with the acquisition of three other parcels which are also involved in the project.