Built in 1871, the Brooks House is an iconic building that has played a pivotal role in Brattleboro’s history. The hotel maintained its grandeur through the first half of the twentieth century. The building’s next phase began in 1970 when it was renovated as a mixed-use building with studio and one bedroom apartments on the top three floors and retail and restaurants along the street. In 2011, an electrical fire rendered the building uninhabitable. Through various partnerships the Brooks House has been restored to its former grandeur and greatly enhanced its place in the community.
Pre-Fire
- 76,000 sf mixed use downtown building
- Assessed value $2,678,000
- Real Estate taxes $67,265
As Completed
- Renovation Costs $23.6 MM
- Subsidy : NMTC, RITC, VT Downtown Tax Credits, CDBG, VEDA loan,
7 year tax stabilization for commercial portion of revenue on town tax only
80,000 sf, mixed use building - Assessed Value after stabilization $7,500,000
- Estimated Real Estate taxes after stabilization w/out adjustment for inflation $206,250
For more information visit http://brookshouse.com/
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