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Hearing tonight on Danbury's plan to sell city-owned former Tuxedo Junction building

A public hearing is being held tonight in Danbury on plans to sell a City-owned building to Savings Bank of Danbury.  The City Council is looking to put 3 Post Office Street, the former Tuxedo Junction building, back on the Grand List.  Tonight's hearing is at 7pm in Council Chambers at City Hall.  Savings Bank of Danbury wants to construct a 35,000 square foot office building at the corner of Main and White Streets by demolishing the former nightclub and the former Regional YMCA of Western Connecticut Escape to the Arts facility.  The new building would house the bank’s non-branch, back office operations.  3 Post Office Street, which has been vacant since 2015, was purchased by the City in 2017 for $395,000. According to Vision Appraisal, it's worth $606,000. Negotiations on the sale price are expected after an official appraisal is completed.

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