Bluefield Daily Telegraph, Bluefield, WV

December 4, 2012

For third time, board putting old Princeton Public Library property on auction block

Bluefield Daily Telegraph

PRINCETON — The Princeton Library Board of Trustees are hoping the third time is the charm as they look to auction off two parcels of land on Center Street that previously housed the library.

David Shumate, director of the Princeton Public Library, said this will be the third time the board of trustees has put the former library building up for auction. The Princeton Public Library has resided in the former Princeton Post Office on Mercer Street since August 2010.

“We tried to auction it off back in the summer and last year before that,” Shumate said. “This is the third time we have auctioned the property. This time, we have lowered the price. The minimum bid is $150,000. We are looking to recover funds expended during the renovation of the current library.”

All of the contents in the former library not taken to the new library were previously auctioned off, though Shumate said the two parcels of land being auctioned off still have plenty to offer interested buyers.

“The main building is nearly 6,000 square feet,” he said. “There is a two-story house on another parcel. There are actually two parcels of property being sold. The property at 205 Center Street is the former library location and 207 Center Street is a former house known as the annex that was renovated by the library. There is easy access to both properties, a ready-made parking lot and everything is on one level.”

Shumate said the library board is hoping the political and economic climate in the area will mean more buyers are interested in bidding on the buildings.

“With the election over, people have made decisions on how they feel about the economy one way or the other,” Shumate said. “Election time periods are typically uncertain periods. We are hoping the economy and the election plays to our favor.”

Shumate said he and the board members have spoken with a couple of parties interested in the two library properties.

“The library board is the guiding body for the library, so they make decisions about when the auction will occur and accepting the bids,” Shumate said. “We have a couple of serious parties interested in the property, though they have not yet submitted bids. We are confident someone will send in a bid. We are looking for as many interested parties and bids as we can get.”

Members of the library board of trustees will open and evaluate all of the bids at noon at the Princeton Public Library on Friday, Dec. 14.

— Contact Kate Coil at kcoil@bdtonline.com耀