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Posted on: November 8, 2017

City to Purchase BB&T Bank Property

Westminster to Purchase BB&T Bank Property

for City Administrative Offices

 

Westminster, MD – The City of Westminster announced that it plans to purchase the BB&T Bank property located at 45 West Main Street for $1.6 million.  The City plans to relocate its administrative offices, which are currently housed in leased space at 56 West Main Street.

On November 13, 2017, the Westminster Common Council is scheduled to formally authorize Mayor Joe Dominick to execute a purchase agreement for the BB&T property.  Closing on the property is tentatively scheduled for March 2018. 

Mayor Joe Dominick stated, “I am pleased that the City and BB&T Bank were able to reach agreement on the City’s acquisition of this important anchor site in Westminster’s downtown.  Purchasing the bank property is in keeping with the City’s goal to be a good steward of public funds and will save Westminster taxpayers money in the long-run.”

Council President Wack added, “The Mayor and Common Council have been working for some time to identify an appropriate property to purchase for the City’s administrative offices.  I’m grateful to BB&T for their spirit of cooperation through the negotiation process.”

“We are delighted the City of Westminster is buying this building and look forward to continuing our excellent working relationship with the City’s leaders,” said Chris Ruppert, BB&T Market President. “BB&T has been a pillar of downtown for decades and remains committed to Westminster and its future economic prosperity.”

 According to Westminster City Administrator Barbara B. Matthews, the City will be undertaking renovations to the property shortly after the purchase has been finalized.  The renovations will include improvements necessary to bring the building up to current code requirements, including the Americans with Disabilities Act.

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