F-35 Joint Strike Fighter
Anyone want a cheap house? Here's a unique opportunity! This Burlington Free Press Article
says that the Burlington International Airport has been buying nearby houses from willing sellers
. This is the fifth year they've been able to use federal money for this special program. They've bought 144 homes in South Burlington, where the airport is located, and another 60 are targeted for purchase. The airport paid above-market price but is selling these homes for $1500 or less! Yes, you heard that right. But there's a catch...
The reason the federal government is sponsoring this program is the noise around airports affects the quality of life of local residents. Many of these homes were built back when the airport was just a small airstrip. Those days are long gone, but the homes are still there. The increased noise has come with major airlines and the Vermont Air National Guard. There's a possibility that the noise will get even noisier if Vermont gets the F-35 Joint Strike Fighters. The announcement for whether that will happen or not is due any time. Public hearings will follow.
So, the airport has a choice: sell and move or demolish. By offering the homes for sale
, the airport can save a lot of money in demolition costs and landfill fees - about $25,000 per house. The buyer can benefit by relocating the homes. They can be moved to other sites or disassembled and rebuilt elsewhere. One moved home has become subsidized housing in Washington County.
The plan is to fill in the basement holes and landscape the areas. The interim director of the airport, Robert McEwing, said they will meet with the city soon and then advertise the availability of the homes. So, if you're interested, this should be coming up soon. Don't hesitate to contact us
for any local real estate information.