copyright the Chronicle December 21, 2016
by Joseph Gresser
NEWPORT — If a joint effort between Newport, the Northeastern Vermont Development Association (NVDA), and Northern Community Investment Corporation (NCIC) is successful, city residents may see progress toward rebuilding Main Street in the New Year.
According to NVDA Executive Director David Snedeker, the court-appointed receiver who controls property belonging to Ariel Quiros hopes to offer the site of the former Spates Block for sale early in 2017.
If a deal can be struck, Mr. Snedeker said, the property might be held by a nonprofit corporation already created by NCIC until it can be developed.
Newport City Manager Laura Dolgin said Friday that she is seeking more grant funding to hire a real estate consultant to advise on the best use for the downtown site.
According to the city’s form-based zoning code, whatever is built on the block between Center Street and Second Street must have off street parking, retail space on the ground floor, office or commercial space on the second, and housing on the higher floors.
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