WOODSTOCK, Vt. (AP) – The Woodstock Historical Society has put two of its three historical houses on the market.
“Unfortunately, the historical society is having very serious financial problems, and we’ve decided the best solution to solving those is to sell the two buildings,” said Elaine Leibly, president and chairwoman of the board.
Both houses are on The Green in downtown Woodstock. The Titus Hutchinson House at 1 The Green, built in 1798, is listed at $1.75 million. The Benjamin Mower House at 5 The Green, built in 1825, is on sale for $1 million.
Both buildings have art galleries on the ground floor and other business tenants on the second floor, Leibly said. The buildings’ deed contains a historical preservation easement that prevents future owners from changing the exterior of the three sides of the houses visible from the street, board members said.
The society will retain ownership of the Charles Dana House on Elm Street, built in 1807, where it runs a museum with exhibits on the history of Woodstock over the past 200 years.
The society has been struggling financially over the past five years, since the downturn in the stock market, Leibly said.
“Fund-raising has been a serious problem for us,” she said.
Donations from the public have dropped in that time, and the group’s own fund has been losing money, she said. It is now at $200,000.
Venture capitalist and philanthropist Laurance Rockefeller gave the two houses to the Woodstock Historical Society in 1967, Leibly said. He wanted the rents from the tenants of the two buildings to fund the society’s operating expenses, but maintenance costs such as snowplowing, cleaning and repairing the houses began to outweigh the rents, she said.
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