Type: Redevelopment
Location: 132 Main Street, Brattleboro, VT
Total Investment: $24 million
Completion Date: 2014
Project Summary
The Brooks House is a historic mixed-use building in downtown Brattleboro that was severely damaged by fire in 2011. Its restoration became a cornerstone project in the revitalization of Main Street, preserving a critical commercial and residential hub.
Why BDCC Invested
BDCC supported the project to preserve Brattleboro’s tax base, retain downtown vibrancy, and enable strategic redevelopment of a central economic and community asset.
BDCC’s Role: Financing
BDCC Participated in a complex capital stack including private bank financing, New Market Tax Credits, a Community Development Block Grant, Vermont Downtown and Federal Rehabilitation Tax Credits, and loans from the Vermont Economic Development Authority. Project Outcomes
The Brooks House redevelopment restored a vital downtown property to full use, preserving a central retail and residential anchor in Brattleboro. The project strengthened the town’s economic infrastructure, supported local businesses, and demonstrated a successful model of rural downtown redevelopment.
For more information visit http://brookshouse.com/
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