Massachusetts Looks To Sell Shuttered Courthouses As Commercial Space


Photo: gerry dincher via flickr

With $3.4 million in annual budget cuts shuttering at least 11 Massachusetts courthouses, developers are eyeing the centrally located properties for restaurants, retail, and offices.According to the Boston Globe, local officials know court closings are going to hurt local economies and may be open to the idea of commercial development.

Courthouses traditionally drive a local economic engine of restaurants, food stores, dry cleaners, as well as other small businesses and officials are eager to minimize this impact.

The approval for redevelopment could come in a matter of months.

[An] upcoming report to the Legislature provides a 90-day notice of the closings, meaning the buildings could begin to be vacated this fall.

Once the judiciary certifies it intends to vacate the buildings, the state’s Division of Capital Asset Management will consult municipalities and legislators to consider other public or community uses. If there is no interest, the agency will then seek to sell or lease them to a private entity by soliciting bids or holding an auction.

Developers are optimistic despite design limitations.

NOW WATCH: Briefing videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.