Digital Equipment Company’s old Maynard campus was put on the foreclosure-auction block earlier this week — and there were no outside bidders.
So the troubled Anglo Irish Bank, which currently holds the $16 million mortgage on the 58-acre site, effectively resold the property and its three buildings to itself. How’s that for a sale?
There are a number of reasons no one else is interested in the property, but the biggest challenge seems to be overcoming local opposition to prior re-development plans. The site has sat empty for years, a sad reminder of a once mighty company that’s now just a memory.