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Windsor Locks Officials Hoping Foreclosure Auction Happens This Time On Saturday

The complex has been neglected for years and its owners owe the Town of Windsor Locks more than $400,000 in back taxes and liens.

 

A tax foreclosure auction on the Montgomery Complex, 25 Canal Bank Road, is scheduled for noon Saturday, in order to secure the back taxes on the property by the Connecticut River and Windsor Locks Canal.

The current outstanding tax liability owed by Canal Benk Realty is $403,342.20, with interest accruing monthly, officials said. The town also has liens against the property for the expenses related to a fire that destroyed a part of the mill complex on July 16, 2006.

The property has been appraised at $900,000.

Patrick McMahon, economic development consultant for Windsor Locks, said there has been some interest in the property from various developers. 

“We are hopeful that a developer will bid an amount that is acceptable and have a use that would be compatible with its downtown location," McMahon said.  “We are eager to see the results on Saturday.”

A foreclosure sale was originally planned for .  A day before the sale was to take place the property owners declared bankruptcy.  This delayed the proceeding but officials continued to press the town’s rights and received a relief of stay in order to pursue the foreclosure sale.

The redevelopment of the property is part of town officials’s hopes to revitalize Windsor Locks’ downtown. Those plans also include relocating the commuter train station back to downtown as part of the New Haven- Hartford- Springfield commuter rail project.

The property consists of three contiguous parcels of approx. 3.38 acres of R-DRD zoned land with two buildings plus detached garage comprising of approx. 255,446 sq. ft. of old mill structure.   The property is listed on the National Register of Historic Places.  It is expected that apartment or condominium developers will have interest in this property.

Chris W October 05, 2012 at 09:54 AM
Should be torn down, it's prone to flooding, remember 1984?
Larry Ferrari October 05, 2012 at 12:09 PM
Why has it taken so long to go no where? Suffield and Enfield have resolved the old factory issues years ago. At this point its too late to build condos, the building has deteriorated too much and who would actually buy a condo where the blaring horns of the Train Diesel engines echo between the walls of Senior housing, CVS and that place. Now they have another extension to pay Taxes? Not only does that old factory smell, this does too. So the old flood prone, fire trap factory and railroad station still sit there rotting as I write this. No progress just extensions and excuses. Its classic lets bleed the taxpayers by not making any decisions. I mean how long is it going to take to find someone to say tear them down and plant grass. What is going on here is absolutely ridiculous....
Jennifer Weinz Hoyt October 06, 2012 at 04:59 PM
Turn this location into something positive for ALL to enjoy, a town green. There is enough housing(new condos behinds ADS) & empty stores in town.
Maria Giannuzzi October 06, 2012 at 06:05 PM
It's important that residents not make any hasty judgments about the Montgomery property. If the commuter rail platform is relocated to downtown, I believe we will see significant development. I don't think condos or apartments are feasible, but there may be other uses for the property. A park on some part of the property is not a bad idea, perhaps one with a small, outdoor amphitheatre for musical performances. Planning should be long range. Safety considerations should receive priority. Nothing should be torn down until you have a workable and actionable plan in place. For now, secure the property, with cameras if necessary, and make sure it is safe for emergency personnel.
Maria Giannuzzi October 06, 2012 at 06:08 PM
Thanks for the overhead shot of the property. It really shows how big the buildings are.

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