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Plans for sale of Nahant American Legion Post are moving forward

NAHANT-Plans to sell the American Legion Post at 5 Coolidge Road are moving forward.American Legion member Richard Lombard said an attorney is completing a request for proposals that would be put out prior to the end of the year.Lombard said the American Legion has almost 50 members and is a viable post. He said putting the property up for sale should not be interpreted as the post being in financial trouble or the demise of the post.Lombard said a decision was made by the members that time would be better spent on meeting needs of veterans instead of using its resources to maintain the existing building. Details of the RFP were not available on Monday, but Lombard said selling the property is a win-win for all concerned.?I think this is a good thing for the American Legion and town,” he said. “It would put that property back on the tax rolls and it would generate additional tax revenue for the town.”Lombard said the American Legion is currently negotiating with the Nahant Preservation Trust regarding using space in the Coast Guard Station for American Legion activities.Lombard said if the American Legion could strike a deal to use a portion of the Coast Guard Station, it is prepared to donate a significant portion of the proceeds from the sale of the Coolidge Road property to help complete the renovation of the interior of the Coast Guard Station. According to assessor’s records, the 2008 valuation for the half-acre parcel and the lodge style building is $703,100.?I think it’s a done deal with the Nahant Preservation Trust,” he said. “We just have to sell this property and have the money in hand.”

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