Governor Shumlin Announces $2 Million in Downtown Tax Credits

For Immediate Release, July 22, 2013 Contact: Susan Allen, 802-279-8493 “MORRISVILLE – Gov. Peter Shumlin announced the allocation of nearly $2 million in tax credits to support about $18 million in building improvements and investment to help revitalize Vermont’s downtowns and community centers. Competitively awarded by the Downtown Development Board, this year’s tax credits went to 31 projects in 20 communities. Among the projects, credits will support the reconstruction of the Landry Block in St. Johnsbury, which was severely damaged by fire in December 2012. Also on the list are new investments in the vacant and underutilized Shade Roller Mill in Vergennes, and the Catamount High School in Bennington, as well as the rehabilitation, façade improvement and code upgrades to six projects in Morrisville, including the former Arthurs Department Store on Lower Main Street. Other project highlights include access and safety improvements at Barre’s National Historic Landmark – the Old Labor Hall; conversion of the former Masonic Building in Springfield into space for four commercial enterprises; rehabilitation of the vacant Bank Block in Richford’s center; rehabilitation of the former Post Office in White River Junction for the Center for Cartoon Studies and Schulz Library; and flood repairs and rehabilitation of the Vermont House in Wilmington…”  PDF of Full Press Release

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