Burlington looks to secure funding for potential Moran projects - WCAX.COM Local Vermont News, Weather and Sports-

Burlington looks to secure funding for potential Moran projects

Posted: Updated:

Burlington is again considering plans for the rundown Moran Plant.

For 25 years, the coal-fired power plant has stood empty on the Burlington waterfront. A proposed project called the "New Moran" would be a $25 million project that would turn the blighted property into a multi-use public space. Developers say the renovations would include a variety of uses, like art space, local restaurants, a micro-brewery and event hall. Addressed at the City Council meeting Monday, was securing millions of dollars in loans for the project.

"There was a three-million dollar federal funding package for the last Moran proposal; it was a million-dollar grant and two-million-dollar loan. That piece would be advanced, that piece would be transferred to the new project if we are successful with our reapplication," said Peter Owens, the director of the Community and Economic Development Office.

There are nine different development concepts being considered. The City Council will vote in January which one will make it on the ballot in March.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WCAX. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.