Four months after the sale of Beechworth Gaol collapsed, a group of community investors has come to the old prison’s rescue.
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The jail had been passed in at auction for $1.75 million, it then sold for more than $2 million last year before the buyers backed down.
Spokesman for the community investment group Matt Pfahlert, also the executive officer of the Australian Centre for Rural Entrepreneurship, said in a statement it was excited about the gaol’s future.
“We look forward to the community’s participation in in the project later this year,” he said.
“Beechworth people and those in the region interested in the history of the site have been waiting for years for the site’s future to be determined so we wanted to let them know that it is now in the hands of this group and that master planning for the site begins immediately.
“However, there is a confidentiality agreement in place as part of the contract of sale which means I cannot disclose any further information until mid-October.”
More to come.
