By Mark Belko, Pittsburgh Post-Gazette
Developers aren't exactly rushing to buy the State Office Building, Downtown.
State officials received just one offer of at least $4.5 million for the 52-year-old building by yesterday's deadline for submitting a proposal.
The Department of General Services would not identify the bidder nor reveal the amount of the bid. The state had set a minimum price of $4.5 million for the 16-story structure with a prime location near the entrance to Point State Park and the confluence of the three rivers.
The state will "fully assess the terms and conditions of the proposal" before deciding whether to go ahead with the sale, General Services spokesman Ed Myslewicz said.
The proposal was one of two received by the state before yesterday's deadline. The other proposal did not meet the state's minimum asking price, Mr. Myslewicz said.
State officials have said the state would save money by selling the building and relocating employees rather than repairing and maintaining the structure.
State officials readvertised for proposals last month after the Buncher Co., a prominent local developer, withdrew its $4.5 million offer to purchase the building.
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