Monday night, Burlington was presented with its last chance to redevelop the old Moran Plant.
The deadline to present a finalized plan came and went in December 2016; New Moran Inc. was the only group to propose a plan at the time.
Monday, the group told the community how it’s been working with them to make the location an affordable, year-round, viable space for the city.
The plan includes space for the Burlington Farmers Market, a community event and performance space, plus a skating rink.
The group’s budget is just over $15 million dollars. This includes a $1.4 million grant from the Commerce Department, $5.8 million TIF and $2.2 State and Historic Tax Credits.
The group says it would like to fulfill its $6 million goal in charitable donations once it reaches a development plan with the city.
At Monday night’s City Council meeting, it appeared local business owners were on board with what the group proposed.
“I know this is a really long process, but what I’m here to say is that this is an economic win,” said Dan White, CEO and Founder of Localvore.
Alex Crothers, Co-Owner of Higher Ground says as one of the groups utilizing the performance space, he’s excited to work with local arts presenters in the area.
“We always hear how Burlington is one of the most livable city for the arts. Moran is a step in keeping that distinction alive,” said Crothers.
John Killacky, Executive Director and CEO of the Flynn Center of Performing Arts, recalled several developments that changed the culture of downtown Burlington in the 1980s. He thinks a new Moran Plant could be “the anchor” in changing Burlington’s Waterfront.
“Now imagine Burlington without the Jazz Festival, without the Flynn, without Burlington City Arts, without the Marketplace. I think actually the Waterfront, is this new domain of how we’re gonna revitalize the City for the next chapter,” said Killacky.
Mayor Miro Weinberger says the plan is something he’d like the City to approve by the end of the first quarter, in March.
The group is hopeful if approved, the project would break ground by the end of 2017.