$26,300 per acre for town barn lot
According to town records, in 2005 a 2.95-acre piece of commercial land on Route 52 outside of Jeffersonville sold for $325,000, roughly $110,000 per acre. After flooding in 2006, the same property is back on the market for $295,000, an average of $100,000 per acre.
The town is negotiating directly with Coon Rock, the hunting club that owns property. The money will come from reserves the town has accumulated over the past 15 years, according to Sykes, which amounts to about $400,000 to be used to cover the purchase of the property.
But Duffy worries about the next step. “If you’re spending that kind of money just for the property, what are you spending for a building?” No amount was given, but Sykes did say the town is pursuing grants for that purpose.