DERRY — A proposal to purchase downtown property was almost a done deal, some officials thought, until a final vote last week killed the plan.
A plan to purchase an eight-unit, multifamily building on Sawyer and Abbott Courts fell to the curb after councilors denied the plan, 4-3.
The three new councilors — Mark Osborne, Tom Cardon and Al Dimmock, along with Council Chairman Michael Fairbanks, voted against the purchase.
In January, the former council approved spending about $173,000 for another multifamily building at 8 Central St. near Sawyer Court to give a boost to Broadway, make easier access to the Abbott Court parking area, and to make the downtown more attractive to potential businesses and those who live and visit there.
Last week’s proposal was for a second property the town hoped to purchase to complete a real estate deal. The cost was $375,000 for the building, plus another $125,000 to raze both structures.
The town owns other properties in that area, including the former DiFeo oil site.
But it came down to some councilors wishing they had more information on what the property would be used for.
Former town councilor Kevin Coyle said it didn’t make sense to purchase this property and questioned why the deal had proceeded as far as it had.
The town entered into a purchase and sales agreement back in November for the second Sawyer Court property and the building’s tenants have already moved out. A closing date was aset for next month.
“Derry has a poor history, especially in the downtown,” Coyle said, “of speculating with our money. This is a bad idea. If it were a good idea, a private developer would have come in and developed it already.”
Councilor Brad Benson’s family lumber and hardware business is on Broadway. He took some heat over a vacant old gas station on his property.