first_imgGovernor Douglas today announced that the State of Vermont will be contributing $750,000 in grant funds to a major redevelopment project in Springfield. The grant, made available through the Vermont Community Development Program, will help repair sections of the former Fellows Gear Shaper/PVDC facility in downtown Springfield.   The property, largely vacant for several years, is being redeveloped by One Hundred River Street, LLC.“This award will not only help mitigate blighted areas of the former Fellows property, but also pave the way for new job creation, as well as restore an important part of Springfield’s historic downtown,” the Governor said. “This revitalization project is a perfect example of Vermont’s commitment to redeveloping its downtowns and villages as centers of social and commercial activity.”Officials from One Hundred River Street, LLC, anticipate having a significant portion of the site demolition work completed before winter. Once renovations are completed, officials anticipate that the building will be used for office, light industrial and retail space.“The Town of Springfield and the State of Vermont have been vital in assisting us throughout this project and these funds will help us address restoration issues on the site immediately,” said Rick Genderson, who along with John Meekin, is a principal of One Hundred River Street, LLC. Source: Governor’s office. 9.18.2009###last_img

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