$50 million assessment at Mountain Green to hit condo owners in July (VT)

/ Owner - April 3, 2024

Mountain Green condo owners voted in favor of a $50 million assessment to bring the building into the 21st Century, but some longtime owners said their quarterly payments will be so high they can’t afford it and they will be forced out.  An $18 million assessment was approved in 2022, and another $29 million was approved by condo owners on March 11.  Starting July, owners will pay $10,000 or more a year for the next five years, after which payments will start to drop through 2035.    Read the article…………………………….

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