PROVINCETOWN – A federal bankruptcy judge says private developers have until the end of March to submit counteroffers on a former timeshare complex that Provincetown is hoping to buy to use for affordable housing
The town is currently the top bidder for the Harbor Hill property at $8.1 million. Two other developers submitted bids for the 26-unit complex and would need to at least match the $8.1 million offer.
Judge Joan Feeney halted an auction on the property earlier this month, citing procedural flaws in the sale process. Another hearing is planned for April 5 at U.S. Bankruptcy Court in Boston.
In February, voters approved spending up to $10.7 million to buy the complex. The property has been assessed at $6.8 million.