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Bridgewater, Quechee and Springfield projects get piece of $3.2 million in Vermont tax credits

Staff Report
Published: 8/13/2020 10:28:55 PM
Modified: 8/13/2020 10:28:45 PM

MONTPELIER — Vermont Gov. Phil Scott announced Thursday the distribution of $3.2 million in tax credits intended to help revitalize downtowns and village centers throughout the state.

Thirty projects received credits, which will be distributed to 27 Vermont communities, including those in Springfield, Bridgewater and Quechee.

“I’m proud to see Vermont’s continued commitment to investing in their downtowns during these uncertain times — it is a testament to our sense of community and entrepreneurship, and I’m pleased the state can support this work through this program,” Scott said in a news release.

Under the program, Springfield will see $443,500 go toward the renovation of Springfield High School into a mixed-use facility that will include a business accelerator and coworking spaces for growing companies.

The building, which is undergoing a $15.4 million facelift, also will include 24 live-work studio apartments.

Nearby, $62,500 will go toward the transformation of the Cotton Mill, an 1836 Springfield landmark that once housed clothing manufacturers, into multifamily housing and commercial space.

Work to bring the building up to code compliance, expand the second floor and enhance street-level entrances is expected to cost $147,200.

In Bridgewater, $115,677 in tax credits will help pay for a new sprinkler system and repairs to the facade of the historic Bridgewater Village School.

The school, which closed in 2015, is being transformed into a child care and community center that will someday house mobility and exercise classes, social and artistic events, and commercial space as part of a $1.1 million renovation effort.

Renovations at the Parker House in Quechee also will be aided by $25,000 in tax credits.

Simon Pearce — the Vermont glassware and pottery maker and restaurateur — purchased the 1857 building owned by state lawmaker J.C. Parker earlier this year. The tax credits will help support facade repairs and restoration work to expected to cost $145,000.

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