Former Rockland school faces foreclosure auction

The former Lincoln Street school in Rockland will be sold at auction on Aug. 28, 2012.
Stephen Betts | BDN
The former Lincoln Street school in Rockland will be sold at auction on Aug. 28, 2012. Buy Photo
By Stephen Betts, BDN Staff
Posted Aug. 15, 2012, at 2:47 p.m.

ROCKLAND, Maine — The historic former Lincoln Street school will be on the auction block in less than two weeks.

A foreclosure auction is scheduled for 4 p.m., Tuesday, Aug. 28, at the building located on Lincoln Street in Rockland. Potential bidders can get a tour of the property from noon to 1 p.m. Thursday, Aug. 16.

The three-story brick building has been a school since it was constructed in 1868, first as Rockland High School, then Rockland District Junior High School, Rockland District Middle School, and most recently as the Lincoln Street Center for Arts & Education.

There has been some interest in the property, said Stef Keenan of Keenan Auction Co. of South Portland, which will hold the auction on behalf of Camden National Bank. Camden National holds two mortgages on the property taken out by the Lincoln Street Center. He said interest has not been overwhelming but that is not unusual for this type of building.

“There’s a narrow market,” Keenan said of the building, which has nearly 34,000 square feet of space that includes a 300-seat auditorium, gymnasium and 14 classrooms. The property covers 1.65 acres.

Camden National can bid on the property, Kennan noted.

If the bank purchases it, it would then go back on the market for sale.

The Lincoln Street Center Board announced in late April that it would be closing the center because it could not afford to keep the facility operating. The board cited repairs that were needed to the building.

The closure meant that about 50 artists who leased rooms had to find alternative studio spaces. The center also leased space to the independent Watershed School, which had 26 students.

The center’s closing and the loss of the Watershed School were issues that reached the City Council on Monday night. The panel was criticized for what a former councilor said was lack of action, while councilors said the city had tried to help the Watershed School stay in Rockland.

http://bangordailynews.com/2012/08/15/news/midcoast/former-rockland-school-faces-foreclosure-auction/ printed on October 1, 2014