CHARLES TOWN, W.Va. - The asking price for Happy Retreat, a historic home that the city of Charles Town hopes to purchase, could be around $1.25 million, Charles Town Council member Matt Ward said Monday night.
To help pay for the purchase, Ward said the city will apply for $750,000 in state transportation funds.
The money, which can be used to purchase historic properties, would come from the Transportation Enhancement Program, Ward said.
There are other sources of funding, some from the state, which the city can seek to make up the rest of the money needed, Ward said.
Although the asking price for Happy Retreat could be around $1.25 million, Ward said that is only a "discussion price" and added that many details of the deal have yet to be worked out.