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Waterville City Council is scheduled to vote Tuesday on creating a tax increment financing district for Colby College’s planned $25 million residential complex on the northeast tip of The Concourse downtown.
The Waterville Sentinel reported that the city’s planning board voted 5-1 on Monday to approve the final site plan for the five-story $25 million complex, which would house 200 Colby students, staff and faculty in upper-floor apartments and have retail space on the ground floor.
The city finalized a purchase-and-sale agreement last week to sell The Concourse property to Colby for $300,000, the newspaper reported.
Pending approvals, construction on Colby’s project is expected to begin soon, with completion expected by August 2018.
The project is within a four-block section of Waterville that’s part of a multi-million-dollar effort by Colby College, the city, alumni and other investors to transform Main Street into a destination for visitors, residents and new businesses.
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Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Few people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
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