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BTV waterfront development plan on the ballot - WCAX.COM Local Vermont News, Weather and Sports-

BTV waterfront development plan on the ballot

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BURLINGTON, Vt. -

A final plan to redevelop Burlington's waterfront is headed for a vote.

The project is expected to cost more than $50 million and will give the waterfront a  dramatic facelift. The city will use Tax Increment Financing -- or TIF -- funds for $9.6 million of the project. The plan includes re-doing the longtime vacant Moran plant, upgrades to the waterfront park and community sailing center, a new harbor marina, and several other projects. The final plan for the Moran plant will be a mixed-used space for arts, local food and events. If the $25-million project hits a snag, the city will use TIF funds to demolish the former plant.

"After 30 years of attempting to redevelop Moran, this proposal is the last hope for a major redevelopment of the building. We need to either get this done or move on," said Burlington Mayor Miro Weinberger.

The plan will hit the ballot in March and voters will decide whether to support the entire redevelopment project.

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