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NEWS STORIES

Old Rhinelander WPS building will get a new ownerSubmitted: 03/18/2014
Shardaa Gray
Reporter
sgray@wjfw.com


RHINELANDER - The old WPS building near the Oneida County Courthouse will soon have a new owner.

The building has been bought by a Rhinelander company.

Newswatch 12 spoke with Oneida County's Land Information director about the decision.

The old WPS building on Davenport Street in downtown Rhinelander has been empty for at least three years.

But that will soon change.

The Oneida County Board voted unanimously to sell the former building for $185,000 this morning.

That's more than $360,000 less than they wanted.

The buyer, Midwest Lease, LLC, said he couldn't go over his offer.

"He did point out that he was nervous about the situation and felt that $185,000 that he was offering for the building is probably going to be the least expensive part of the entire plan for the building with the renovations he would have to do to it." said Oneida County Land Information director, Mike Romportl.

The board had another offer from Boyd Financial Services that they turned down in January.

Boyd offered to rent 40 percent of the space from the county.

That's if they agreed to remodel the building.

The Oneida County Land Information Director says they went with their second option because there was no strings attached.

"Mr Boyd did have one other option which he would have purchased the building and would have considered leasing it to somebody else," Romportl.

"But that was like number three; low priority. He preferred to lease it back to the county."

The sale is expected to close in 30 days.

We tried to reach out the new owners to see what they have planned for the building, but they were out of town.

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