May 25, 2018
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Newport businessman signs contract for former Dexter school property

By Diana Bowley, BDN Staff

DEXTER, Maine — The former Dexter Primary and Middle School property owned by the town is now under contract by a Newport businessman.

Greg Lovely has signed a purchase and sales agreement for the property that must be approved by the Town Council, according to Council Chairman Roger Brawn. Brawn said he expected there would be a resolution on the council’s agenda on Thursday to make the sale final at the October meeting. He declined to release the sale price of the Abbott Hill property, which includes a 1,200-foot frontage on Lake Wassookeag.

A spokeswoman for Lovely, who owns several businesses in Newport as well as the former Fayscott Landis Machine Shop in Dexter, said Tuesday that Lovely does not grant interviews.

The town accepted the school property last year after SAD 46 moved into a new school building on Fern Road. The Town Council voted to put the former school property on the market in April after discussions with resident Tim Wilson ended. Wilson, who is affiliated with Seeds of Peace, had proposed turning the building into a nonprofit leadership institute for the children of world leaders and other top students, but he never presented a formal proposal to the council.

Stephen Crichton of Town and Country Real Estate of Bangor, the town’s broker for the sale, said another party also had expressed interest in the property. He also declined to release the purchase price. Sheri Hanson of Trundy and Co. of Newport was Lovely’s broker for the purchase, he said.

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