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Milo Buys Fourth Burned Out Property Downtown 

Catherine Pegram

The town of Milo now owns another downtown property destroyed by an arson fire.The town closed Thursday on the sale of the former True Value hardware store. It was one of five buildings wiped out by a fire more than a year ago. Voters approved a plan earlier this month to use about $48,000 in federal money to buy the land. Town manager Jeff Gahagan says owning the property will give Milo more control on determining how to redevelop downtown.Milo has now purchased four of the destroyed buildings. He says the town is also preparing to spend about $10,000 in state grants to buy the final burned out lot – a former floral shop. That sale is expected to go through by the end of the month.