Midday offers drive bid for old federal courthouse even higher

2013-05-02T22:00:00Z 2013-05-09T16:19:06Z Midday offers drive bid for old federal courthouse even higherGazette Staff The Billings Gazette

NOON: Bidders 3 and 6 made new offers at midday. Bidder 3 registered a bid of $2,080,000 at 11:16 a.m. Bidder 6 returned to the top bidder position with an offer of $2,105,000 at 11:25 a.m.


 

INITIAL REPORT: Ten days into the auction, the bidding war that has broken out over the old Billings federal courthouse building continued Thursday.

The latest bid came in at about 3:30 p.m. when Bidder 6 drove the price up another $25,000, to $2,055,000.

Bidder 3, who has been involved in the back-and-forth bidding, has not responded -- yet.

The two unidentified bidders have been battling since April 27, when the price for the James F. Battin Federal Courthouse topped $1 million. Since then, the bidding has increased daily in mostly consistent increments of $25,000 — the lowest bid allowed — between the two parties.

Four other bidders registered to participate in the auction, but they apparently lost interest as the price for the five-story, 48-year-old building on nearly an acre of prime downtown real estate approached $1 million.    

The federal General Services Administration opened the auction on April 23. The sale will close when 24 hours passes without a bid.

The building, which was completed in 1965, housed several federal agencies and U.S. District Court. Asbestos in the building drove the federal government to build a new $80 million federal courthouse.

Several federal agencies will soon move out of the old courthouse into a separate $30 million office building. 

Copyright 2014 The Billings Gazette. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Follow The Billings Gazette

Popular Stories

Get weekly ads via e-mail

Featured Businesses