Downtown and Village Center Tax Credit Awards Announced
With St. Albans’ new five-story, 84-room Hampton Inn as the backdrop, Governor Shumlin announced the winners of $2.25 million in state tax incentives. This year, 21 downtown and village projects, valued at over $47 million, received support. Projects include the Trout River Brewing Co. in Springfield, renovation of a blighted block in downtown Newport, rehabilitation and code upgrades of a community arts center in Waterbury Center, expansion of the South Royalton Memorial library to make the building accessible, and housing projects in Brattleboro, St. Albans, White River Junction and Winooski. Two municipalities were awarded sales tax reallocation dollars. In Winooski, the award will be used in conjunction with a new mixed use development and function venue and in St. Albans, reallocated taxes will support public infrastructure improvements associated with the new hotel. For a complete list of projects, visit our website.