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OLD ORCHARD BEACH (WGME) -- Some residents in Old Orchard Beach recently learned their mobile home park, Old Orchard Village, was sold.
This has prompted some to put together a last minute effort to buy the park themselves.
“That’s why I’m out collecting petitions," Melissa Hilliard, who's lived in Old Orchard Village for 22 years, said. “So that we can form a co-op and buy it ourselves. It might be a longshot, but that’s what I’m working for today.”
If they were to counter the current offer, they would maintain and pay taxes on the 371 mobile home lots.
First, they need signatures from at least 51 percent of those living there, sharing...
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Some residents in Old Orchard Beach recently learned their mobile home park, Old Orchard Village, was sold. This has prompted some to put together a last minute effort to buy the park themselves.”That’s why I’m out collecting petitions," Melissa Hilliard, who's lived in Old Orchard Village for 22 years, said. “So that we can form a co-op and buy it ourselves. It might be a longshot, but that’s what I’m working for today.”
Common Sense Perspective: At 371 lots and a value of around $70,000 per lot this would be a $26 million transaction. On top of that, it’s already sold. The residents’ chance of success on this project is lower than Joe Biden’s chances of making the Chiefs’ starting lineup.