Vt. tax credits will continue Morrisville revival

Vermont tax credits will continue revitalization of downtown Morrisville, other towns

Associated Press

MORRISVILLE, Vt. (AP) -- One of the officials working to revitalize the buildings that once housed the landmark Arthur's Department Store in downtown Morrisville says the $3.5 million project wouldn't have been possible without a tax credit from the state of Vermont.

Construction is set to begin next month on the project in the buildings that once housed Arthur's. When it's complete, there will be 18 more apartments in the community and retail space.

The Arthurs project will receive a $233,500 tax credits.

It is one of 31 projects that will utilize about $2 million in tax credits to support $18 million in building improvements highlighted Tuesday by Gov. Peter Shumlin, who announced the grants across the street from the now shuttered building that once housed Arthur's.

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