CHARLES TOWN, W.VA.
Happy Retreat, the home of Charles Washington which the city is considering acquiring, could be worth about $2.5 million and some people are concerned about the city's ability to purchase and maintain the property, Mayor Peggy Smith said Sunday.
Three years ago, city officials said the asking price for the property could be about $1.25 million.
But just like property everywhere else in the Eastern Panhandle, the value of the home could have doubled, Smith said.
City officials have said the city's purchase of Happy Retreat could be a rare opportunity to showcase local history, although some city residents have grown concerned about the city's ability to purchase and maintain the stately home along Mordington Avenue, Smith said.
Smith, however, remains upbeat about the idea.
An earlier attempt by the city to acquire $750,000 from the state to help buy the home did not materialize, but Smith said she thinks other possible sources of state and federal funding are available.