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Deal for apartments falls through

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The Hanover Co. has walked away from its plan to purchase the Walpole Woodworkers property and build a 200-unit apartment complex there. The company had signed a purchase and sale agreement with Walpole Woodworkers last summer, shortly after voters defeated a $4.7 million override that would have allowed the town to buy the land. As part of the purchase and sale agreement, the Hanover Co. was allowed time to investigate the site, which contains some wetlands and could have some contamination from its previous use. According to an e-mail sent by Walpole Woodworkers officials to Town Administrator Michael Boynton, The Hanover Co. decided to take a pass on the land because of costs to get on the town’s water and sewer system. Boynton said the charge for connection, along with a onetime inflow-outflow fee, was estimated at $2.4 million.

- Christine Legere

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