Acquisition and redevelopment of the downtown 'empty block'…
City of NewportVermont- Detected
- Aug 20, 2026
- 74 days ago
- Sector
- Capital Projects
- Est. value
- Free account
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THE 30-SECOND BRIEF
Acquisition and redevelopment of the downtown 'empty block' (formerly 'the pit') for mixed-use development, including housing and businesses.
The property is being acquired by NVDA with a $1 million grant from the Rural Industry Development Program and up to $200,000 from NVDA's own funds. NVDA will handle environmental testing and remediation. The city aims to partner with a developer for the eventual project. The goal is to create workforce and high-end housing, retail, food and beverage, entertainment, and family activities.
From the meeting
- Source
- Newport City Council Meeting 17 August 2026
- Meeting date
- August 20, 2026
- Agency
- City of Newport
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