BURLINGTON, VT. (AP) — A new plan calls to transform a defunct power plant on the Burlington waterfront into an open performance and recreational space.
The city council recently voted to advance the plans for the plant in Moran.
The Burlington Free Press reports that the structure has been the subject of redevelopment plans for decades but none proved economically feasible. The city looked at demolishing the former coal-fired generating plant, which could cost between about $4 million and $10 million.
Neale Lunderville of the city's Community and Economic Development Office says retaining the building's frame in a partial demolition would likely cost about $5.4 million.
He says it could be funded through expected increases to waterfront district tax revenues and a $2 million federal loan.